Colombo Land and Development Company PLC reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported sales was LKR 76.39 million compared to LKR 111.38 million a year ago. Net income was LKR 599.67 million compared to LKR 35.82 million a year ago. Basic earnings per share from continuing operations was LKR 3 compared to LKR 0.18 a year ago.
For the full year, sales was LKR 335.22 million compared to LKR 438.41 million a year ago. Net income was LKR 539.17 million compared to LKR 59.23 million a year ago. Basic earnings per share from continuing operations was LKR 2.7 compared to LKR 0.3 a year ago.