Colombo Land and Development Company 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 88.87 million compared to LKR 76.39 million a year ago. Net loss was LKR 630.93 million compared to net income of LKR 684.47 million a year ago. Basic loss per share from continuing operations was LKR 3.16 compared to basic earnings per share from continuing operations of LKR 3.42 a year ago.
For the full year, sales was LKR 339.16 million compared to LKR 335.22 million a year ago. Net loss was LKR 684.64 million compared to net income of LKR 623.96 million a year ago. Basic loss per share from continuing operations was LKR 3.43 compared to basic earnings per share from continuing operations of LKR 3.12 a year ago.