Seylan Developments PLC reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was LKR 103.2 million compared to LKR 85.96 million a year ago. Revenue was LKR 104.59 million compared to LKR 97.99 million a year ago. Net income was LKR 34.5 million compared to LKR 78 million a year ago. Basic earnings per share from continuing operations was LKR 0.23 compared to LKR 0.53 a year ago.
For the full year, sales was LKR 389.03 million compared to LKR 342.13 million a year ago. Revenue was LKR 393.76 million compared to LKR 362.05 million a year ago. Net income was LKR 238.96 million compared to LKR 350.82 million a year ago. Basic earnings per share from continuing operations was LKR 1.61 compared to LKR 2.37 a year ago.