Colombo Land and Development Management

Management criteria checks 2/4

Colombo Land and Development's CEO is Paddy Weerasekera, appointed in Oct 2021, has a tenure of 2.58 years. directly owns 0.04% of the company’s shares, worth LKR1.58M. The average tenure of the management team and the board of directors is 3.2 years and 3.2 years respectively.

Key information

Paddy Weerasekera

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	2.6yrs
CEO ownership	0.04%
Management average tenure	3.2yrs
Board average tenure	3.2yrs

Recent management updates

Recent updates

CEO

Paddy Weerasekera

2.6yrs

Tenure

Mr. Padmesh Sajjeewa Weerasekera, also known as Paddy, serves as Executive Director and Group Chief Executive Officer of Colombo Land and Development Company PLC since October 01, 2021. He serves as Indepe...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Padmesh Weerasekera	Executive Director & Group CEO	2.6yrs	no data	0.040% LKR 1.6m
Devadharshan Jayadeva	Chief Operating Officer	17.3yrs	no data	no data
Yao Ng	Executive Director	3.2yrs	no data	no data
Sharvajana Ameresekere	Executive Director	3.2yrs	no data	no data

3.2yrs

Average Tenure

Experienced Management: CLND.N0000's management team is considered experienced (3.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Padmesh Weerasekera	Executive Director & Group CEO	2.6yrs	no data	0.040% LKR 1.6m
Yao Ng	Executive Director	12.9yrs	no data	no data
Sharvajana Ameresekere	Executive Director	3.2yrs	no data	no data
Mestiyage Don Saddha Mangala Goonatilleke	Independent Non-Executive Director	no data	no data	no data
Dilith Jayaweera	Non-Executive Director	12.9yrs	no data	0.0013% LKR 51.2k
Maurice Dayantha Weerasooriya	Independent Chairman of the Board of Director	3.2yrs	no data	no data
Heng Ng	Alternate Director	8.5yrs	no data	no data
Herath Arachchiralalage Nimesh Herath	Non-Executive Director	1.7yrs	no data	no data
N. P. Ranaweera	Non-Executive Director	1.7yrs	no data	no data

3.2yrs

Average Tenure

55yo

Average Age

Experienced Board: CLND.N0000's board of directors are considered experienced (3.2 years average tenure).

Colombo Land and Development Management

Management criteria checks 2/4

Key information

Recent management updates

Colombo Land and Development Company PLC, Annual General Meeting, Jun 23, 2023

Executive Director & Group CEO recently sold LK₨162k worth of stock

Executive Director & Group CEO recently sold LK₨50k worth of stock

Colombo Land and Development Company PLC Appoints Maurice Dayanth Asoka Weerasooriya as Chairperson

Less than half of directors are independent

Colombo Land and Development Company PLC, Annual General Meeting, Jun 24, 2022

Recent updates

Investor sentiment improves as stock rises 16%

Full year 2023 earnings released: EPS: LK₨1.60 (vs LK₨3.66 loss in FY 2022)

Third quarter 2023 earnings released: LK₨0.09 loss per share (vs LK₨0.19 loss in 3Q 2022)

New minor risk - Share price stability

Second quarter 2023 earnings released: LK₨0.27 loss per share (vs LK₨0.08 loss in 2Q 2022)

Colombo Land and Development Company PLC, Annual General Meeting, Jun 23, 2023

First quarter 2023 earnings released: LK₨0.25 loss per share (vs LK₨0.002 profit in 1Q 2022)

Full year 2022 earnings released: LK₨3.43 loss per share (vs LK₨3.07 profit in FY 2021)

Executive Director & Group CEO recently sold LK₨162k worth of stock

Investor sentiment improved over the past week

Executive Director & Group CEO recently sold LK₨50k worth of stock

Colombo Land and Development Company PLC Appoints Maurice Dayanth Asoka Weerasooriya as Chairperson

Third quarter 2022 earnings released: LK₨0.19 loss per share (vs LK₨0.20 loss in 3Q 2021)

Less than half of directors are independent

Second quarter 2022 earnings released: LK₨0.08 loss per share (vs LK₨0.10 loss in 2Q 2021)

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Colombo Land and Development Company PLC, Annual General Meeting, Jun 24, 2022

Investor sentiment deteriorated over the past week

First quarter 2022 earnings released

Less than half of directors are independent

Investor sentiment deteriorated over the past week

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Third quarter 2021 earnings released: LK₨0.20 loss per share (vs LK₨0.07 profit in 3Q 2020)

Group CEO & Executive Director recently bought LK₨11m worth of stock

Second quarter 2021 earnings released: LK₨0.10 loss per share (vs LK₨0.09 profit in 2Q 2020)

Colombo Land and Development Company plc announces Executive Changes

Independent Non-Executive Chairman of the Board Chandrakumara Krishan Deheragoda has left the company

Colombo Land and Development Company PLC Appoints Pathiranage Vasula Sanjeewa Premawardhana as Group CEO

New 90-day low: LK₨23.20

Full year 2020 earnings released: LK₨0.06 loss per share (vs LK₨1.66 profit in FY 2019)

Investor sentiment improved over the past week

New 90-day high: LK₨27.20

Third quarter 2020 earnings released: EPS LK₨0.07

New 90-day low: LK₨22.10

New 90-day high: LK₨27.60

First half earnings released

CEO

Tenure

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age