CT Land Development PLC Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2018
November 08, 2018 at 06:05 am EST
CT Land Development PLC reported earnings results for the second quarter and six months ended September 30, 2018. For the quarter, the company reported revenue of LKR 127,440,000 against LKR 126,580,000 a year ago. Profit from operations was LKR 80,660,000 against LKR 88,619,000 a year ago. Profit before taxation was LKR 75,128,000 against LKR 86,001,000 a year ago. Net profit for the period was LKR 52,544,000 or LKR 1.08 per share against LKR 61,190,000 or LKR 1.26 per share a year ago.
For the six months, the company reported revenue of LKR 255,408,000 against LKR 254,212,000 a year ago. Profit from operations was LKR 179,028,000 against LKR 181,024,000 a year ago. Profit before taxation was LKR 169,450,000 against LKR 182,681,000 a year ago. Net profit for the period was LKR 119,323,000 or LKR 2.45 per share against LKR 132,079,000 or LKR 2.71 per share a year ago. Net cash inflow from operating activities was LKR 112,626,000 against LKR 83,333,000 a year ago. Purchase of property, plant & equipment was LKR 3,936,000 against LKR 10,057,000 a year ago. Purchase of intangible assets was LKR 628,000.