Announcement • Jul 31
CT Land Development PLC, Annual General Meeting, Aug 21, 2026 CT Land Development PLC, Annual General Meeting, Aug 21, 2026, at 11:30 Sri Lanka Standard Time. Location: at the institute of chartered accountants of lanka, malalasekara mawatha, colombo 07 Sri Lanka New Risk • Jul 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Sri Lankan stocks, typically moving 7.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (7.1% average weekly change). Revenue is less than US$1m (LK₨256m revenue, or US$760k). Market cap is less than US$10m (LK₨2.93b market cap, or US$8.70m). Minor Risk Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to LK₨40.90, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 14x in the Real Estate industry in Sri Lanka. Total returns to shareholders of 80% over the past three years. Recent Insider Transactions • Jun 16
Non-Independent Non-Executive Director recently bought LK₨1.8m worth of stock On the 10th of June, Rajaratnam Selvaskandan bought around 50k shares on-market at roughly LK₨35.00 per share. This transaction amounted to 34% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth LK₨2.5m. Insiders have collectively bought LK₨26m more in shares than they have sold in the last 12 months. Reported Earnings • Jun 02
Full year 2026 earnings released: EPS: LK₨2.68 (vs LK₨2.40 in FY 2025) Full year 2026 results: EPS: LK₨2.68 (up from LK₨2.40 in FY 2025). Revenue: LK₨286.0m (down 45% from FY 2025). Net income: LK₨217.8m (up 12% from FY 2025). Profit margin: 76% (up from 37% in FY 2025). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 21
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: LK₨341m (US$998k) This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Revenue is less than US$1m (LK₨341m revenue, or US$998k). Market cap is less than US$10m (LK₨3.12b market cap, or US$9.13m). Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). New Risk • May 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Sri Lankan stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Revenue is less than US$5m (LK₨341m revenue, or US$1.1m). Market cap is less than US$100m (LK₨3.60b market cap, or US$11.2m). New Risk • Apr 05
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Market cap is less than US$10m (LK₨2.84b market cap, or US$9.01m). Minor Risk Revenue is less than US$5m (LK₨363m revenue, or US$1.2m). Recent Insider Transactions • Mar 31
Non-Independent Non-Executive Director recently bought LK₨2.5m worth of stock On the 26th of March, Rajaratnam Selvaskandan bought around 75k shares on-market at roughly LK₨34.00 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought LK₨22m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to LK₨32.90, the stock trades at a trailing P/E ratio of 33.5x. Average trailing P/E is 16x in the Real Estate industry in Sri Lanka. Total returns to shareholders of 27% over the past three years. New Risk • Mar 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: LK₨3.05b (US$9.83m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (LK₨3.05b market cap, or US$9.83m). Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (19% net profit margin). Revenue is less than US$5m (LK₨427m revenue, or US$1.4m). New Risk • Dec 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: LK₨2.93b (US$9.52m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (LK₨2.93b market cap, or US$9.52m). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (19% net profit margin). Revenue is less than US$5m (LK₨427m revenue, or US$1.4m). Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to LK₨45.90, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 16x in the Real Estate industry in Sri Lanka. Total returns to shareholders of 87% over the past three years. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to LK₨40.40, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 18x in the Real Estate industry in Sri Lanka. Total returns to shareholders of 57% over the past three years. Announcement • Jul 04
CT Land Development PLC, Annual General Meeting, Jul 22, 2025 CT Land Development PLC, Annual General Meeting, Jul 22, 2025, at 11:00 Sri Lanka Standard Time. Location: institute of chartered accountants of sri lanka, Sri Lanka Reported Earnings • Jun 02
Full year 2025 earnings released: EPS: LK₨2.40 (vs LK₨8.96 in FY 2024) Full year 2025 results: EPS: LK₨2.40 (down from LK₨8.96 in FY 2024). Revenue: LK₨527.9m (up 13% from FY 2024). Net income: LK₨194.9m (down 73% from FY 2024). Profit margin: 37% (down from 156% in FY 2024). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to LK₨29.00, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 9x in the Real Estate industry in Sri Lanka. Total returns to shareholders of 8.2% over the past three years. Buy Or Sell Opportunity • May 22
Now 23% overvalued Over the last 90 days, the stock has fallen 24% to LK₨27.70. The fair value is estimated to be LK₨22.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 45% over the last 3 years. Earnings per share has grown by 112%. Recent Insider Transactions • Mar 30
Deputy Chairman & MD recently bought LK₨750k worth of stock On the 26th of March, Joseph Page bought around 30k shares on-market at roughly LK₨25.00 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Joseph has been a buyer over the last 12 months, purchasing a net total of LK₨2.3m worth in shares. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to LK₨25.10, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 8x in the Real Estate industry in Sri Lanka. Total loss to shareholders of 4.2% over the past three years. Reported Earnings • Feb 18
Third quarter 2025 earnings released: LK₨0.02 loss per share (vs LK₨0.33 loss in 3Q 2024) Third quarter 2025 results: LK₨0.02 loss per share (improved from LK₨0.33 loss in 3Q 2024). Net loss: LK₨1.71m (loss narrowed 94% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to LK₨35.60, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 8x in the Real Estate industry in Sri Lanka. Total returns to shareholders of 26% over the past three years. Reported Earnings • Oct 19
Second quarter 2025 earnings released: EPS: LK₨0.31 (vs LK₨0.13 in 2Q 2024) Second quarter 2025 results: EPS: LK₨0.31 (up from LK₨0.13 in 2Q 2024). Net income: LK₨25.5m (up 122% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Aug 10
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Senior Independent Non-Executive Director Anthony Joel Selvanayagam was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 03
CT Land Development PLC Announces Retirement of A.T.P. Edirisinghe as Independent Non Executive Director CT Land Development PLC announced that Mr. A.T.P. Edirisinghe (Independent Non Executive Director) retired as a Director of C T Land Development PLC with effect from the Annual General Meeting held on 1st August 2024 and his retirement has been accepted by the Board of Directors. Reported Earnings • Aug 01
First quarter 2025 earnings released: EPS: LK₨0.35 (vs LK₨0.10 in 1Q 2024) First quarter 2025 results: EPS: LK₨0.35 (up from LK₨0.10 in 1Q 2024). Net income: LK₨28.3m (up 233% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Jul 12
CT Land Development PLC, Annual General Meeting, Aug 01, 2024 CT Land Development PLC, Annual General Meeting, Aug 01, 2024, at 11:30 Sri Lanka Standard Time. Location: institute of chartered accountants of sri lanka, no. 30a, malalasekara mawatha, colombo 07, Sri Lanka Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: LK₨8.82 (vs LK₨0.64 loss in FY 2023) Full year 2024 results: EPS: LK₨8.82 (up from LK₨0.64 loss in FY 2023). Net income: LK₨728.3m (up LK₨779.9m from FY 2023). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Apr 27
Non-Executive Director recently bought LK₨738k worth of stock On the 22nd of April, Thirugnanasambandar Senthilverl bought around 35k shares on-market at roughly LK₨21.10 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought LK₨677k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 21
Non-Executive Director recently bought LK₨544k worth of stock On the 14th of February, Thirugnanasambandar Senthilverl bought around 26k shares on-market at roughly LK₨21.30 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought LK₨1.4m more in shares than they have sold in the last 12 months. Reported Earnings • Feb 13
Third quarter 2024 earnings released: LK₨0.33 loss per share (vs LK₨1.07 loss in 3Q 2023) Third quarter 2024 results: LK₨0.33 loss per share (improved from LK₨1.07 loss in 3Q 2023). Revenue: LK₨109.6m (up 13% from 3Q 2023). Net loss: LK₨26.7m (loss narrowed 69% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Announcement • Jan 18
CT Land Development PLC Appoints Anthony Joel Dilharan Selvanayagam as Senior Independent Director CT Land Development PLC announced that by circular resolution dated 05th January 2024 Mr. Anthony Joel Dilharan Selvanayagam was appointed as the Senior Independent Director of C T Land Development PLC with effect from 05th January 2024. New Risk • Nov 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Sri Lankan stocks, typically moving 7.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.2% average weekly change). Earnings have declined by 62% per year over the past 5 years. Market cap is less than US$10m (LK₨1.89b market cap, or US$5.79m). Minor Risk Revenue is less than US$5m (LK₨418m revenue, or US$1.3m). Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: LK₨0.14 (vs LK₨0.22 in 2Q 2023) Second quarter 2024 results: EPS: LK₨0.14 (down from LK₨0.22 in 2Q 2023). Net income: LK₨11.5m (down 35% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Announcement • Jul 29
CT Land Development PLC, Annual General Meeting, Jul 28, 2023 CT Land Development PLC, Annual General Meeting, Jul 28, 2023, at 10:00 Sri Lanka Standard Time. Location: Institute of Chartered Accountants of Sri Lanka Malalasekara Mawatha Colombo 07 Sri Lanka Agenda: To receive and consider the Report of the Directors and the Financial Statements for the year ended 31 March 2023 with the Report of the Auditors thereon; to re-elect Mr. R. Selvaskandan who is due to retire by rotation and is eligible for re-election; to re-elect Mr. S.C. Niles who is due to retire by rotation and is eligible for re-election; to re-elect Mr. L.R. Page who is 73 years of age as a Director; to re-elect Mr. A.T.P. Edirisinghe who is 77 years of age as a Director; to re-elect Dr. T. Senthilverl who is 77 years of age as a Director; to authorise the Directors to determine the remuneration of the Auditors, Messrs. KPMG, who are deemed reappointed as auditors at the General Meeting of the Company in terms of Section 158 of the Companies Act No. 7 of 2007. Reported Earnings • Jul 08
Full year 2023 earnings released: LK₨0.64 loss per share (vs LK₨0.21 loss in FY 2022) Full year 2023 results: LK₨0.64 loss per share (further deteriorated from LK₨0.21 loss in FY 2022). Net loss: LK₨51.6m (loss widened 204% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 03
Full year 2023 earnings released: LK₨0.57 loss per share (vs LK₨0.21 loss in FY 2022) Full year 2023 results: LK₨0.57 loss per share (further deteriorated from LK₨0.21 loss in FY 2022). Net loss: LK₨46.2m (loss widened 172% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • May 25
Non-Executive Director recently bought LK₨822k worth of stock On the 19th of May, Thirugnanasambandar Senthilverl bought around 36k shares on-market at roughly LK₨23.00 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: LK₨0.22 (vs LK₨0.21 loss in 2Q 2022) Second quarter 2023 results: EPS: LK₨0.22 (up from LK₨0.21 loss in 2Q 2022). Revenue: LK₨82.3m (up 130% from 2Q 2022). Net income: LK₨17.7m (up LK₨35.2m from 2Q 2022). Profit margin: 22% (up from net loss in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 11
First quarter 2023 earnings released: LK₨0.03 loss per share (vs LK₨0.07 loss in 1Q 2022) First quarter 2023 results: LK₨0.03 loss per share (up from LK₨0.07 loss in 1Q 2022). Net loss: LK₨2.59m (loss narrowed 53% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 09
Full year 2022 earnings released: LK₨0.21 loss per share (vs LK₨1.57 profit in FY 2021) Full year 2022 results: LK₨0.21 loss per share (down from LK₨1.57 profit in FY 2021). Net loss: LK₨17.0m (down 113% from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorated over the past week After last week's 15% share price decline to LK₨21.20, the stock trades at a trailing P/E ratio of 64.3x. Average trailing P/E is 10x in the Real Estate industry in Sri Lanka. Total loss to shareholders of 16% over the past three years. Recent Insider Transactions • Jun 06
Independent Non-Executive Director recently bought LK₨14m worth of stock On the 1st of June, Thirugnanasambandar Senthilverl bought around 554k shares on-market at roughly LK₨25.00 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought LK₨38m more in shares than they have sold in the last 12 months. Reported Earnings • May 25
Full year 2022 earnings released: EPS: LK₨0.33 (vs LK₨1.57 in FY 2021) Full year 2022 results: EPS: LK₨0.33 (down from LK₨1.57 in FY 2021). Revenue: LK₨149.4m (down 46% from FY 2021). Net income: LK₨26.8m (down 79% from FY 2021). Profit margin: 18% (down from 47% in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Thirugnanasambandar Senthilverl was the last independent director to join the board, commencing their role in 2002. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Recent Insider Transactions • Apr 05
Independent Non-Executive Director recently bought LK₨4.6m worth of stock On the 29th of March, Thirugnanasambandar Senthilverl bought around 181k shares on-market at roughly LK₨25.51 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought LK₨24m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorated over the past week After last week's 18% share price decline to LK₨20.40, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 11x in the Real Estate industry in Sri Lanka. Total loss to shareholders of 25% over the past three years. Reported Earnings • Feb 11
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: LK₨0.30 loss per share (down from LK₨0.004 profit in 3Q 2021). Revenue: LK₨68.8m (down 49% from 3Q 2021). Net loss: LK₨24.1m (down LK₨24.5m from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jan 27
Independent Non-Executive Director recently bought LK₨1.7m worth of stock On the 24th of January, Thirugnanasambandar Senthilverl bought around 53k shares on-market at roughly LK₨30.98 per share. In the last 3 months, they made an even bigger purchase worth LK₨4.6m. Insiders have collectively bought LK₨20m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jan 05
Independent Non-Executive Director recently bought LK₨2.6m worth of stock On the 31st of December, Thirugnanasambandar Senthilverl bought around 88k shares on-market at roughly LK₨30.04 per share. In the last 3 months, they made an even bigger purchase worth LK₨4.6m. Insiders have collectively bought LK₨18m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Sep 25
Independent Non-Executive Director recently bought LK₨1.1m worth of stock On the 21st of September, Thirugnanasambandar Senthilverl bought around 39k shares on-market at roughly LK₨28.00 per share. In the last 3 months, they made an even bigger purchase worth LK₨7.0m. Insiders have collectively bought LK₨12m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Sep 08
Independent Non-Executive Director recently bought LK₨864k worth of stock On the 2nd of September, Thirugnanasambandar Senthilverl bought around 31k shares on-market at roughly LK₨28.00 per share. In the last 3 months, they made an even bigger purchase worth LK₨7.0m. Insiders have collectively bought LK₨11m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Sep 01
Independent Non-Executive Director recently bought LK₨7.0m worth of stock On the 25th of August, Thirugnanasambandar Senthilverl bought around 252k shares on-market at roughly LK₨27.94 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought LK₨10m more in shares than they have sold in the last 12 months. Reported Earnings • Aug 18
First quarter 2022 earnings released: LK₨0.07 loss per share (vs LK₨0.31 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: LK₨69.2m (up 372% from 1Q 2021). Net loss: LK₨5.52m (loss narrowed 76% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Executive Departure • Jul 13
Independent Non-Executive Director Sunil Mendis has left the company On the 2nd of July, Sunil Mendis' tenure as Independent Non-Executive Director ended after 8.4 years in the role. We don't have any record of a personal shareholding under Sunil's name. Sunil is the only executive to leave the company over the last 12 months. Reported Earnings • Feb 17
Third quarter 2021 earnings released: EPS LK₨0.004 (vs LK₨1.22 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: LK₨135.4m (down 54% from 3Q 2020). Net income: LK₨332.0k (down 100% from 3Q 2020). Profit margin: 0.2% (down from 34% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 09
New 90-day low: LK₨27.00 The company is down 13% from its price of LK₨31.10 on 11 November 2020. The Sri Lankan market is up 34% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 12% over the same period. Is New 90 Day High Low • Sep 22
New 90-day high: LK₨33.10 The company is up 30% from its price of LK₨25.50 on 24 June 2020. The Sri Lankan market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 14% over the same period. 
