Colombo Land and Development Company PLC reported earnings results for the fourth quarter and full year ended December 31, 2023. For the quarter, the company reported sales was LKR 101.298 million compared to LKR 88.866 million a year ago. Net income was LKR 443.031 million compared to net loss of LKR 677.415 million a year ago. Basic earnings per share from continuing operations was LKR 2.22 compared to basic loss per share from continuing operations of LKR 3.39 a year ago.

For the full year, the company reported sales was LKR 376.78 million compared to LKR 339.16 million a year ago. Net income was LKR 320.79 million compared to net loss of LKR 731.13 million a year ago. Basic earnings per share from continuing operations was LKR 1.6 compared to basic loss per share from continuing operations of LKR 3.66 a year ago.