CT Land Development PLC reported unaudited earnings results for the second quarter and six months ended September 30, 2012. For the quarter, the company reported net profit of LKR 38,516,000 or LKR 0.79 per share on revenue of LKR 94,726,000 compared to net profit of LKR 34,040,000 or LKR 0.70 per share on revenue of LKR 79,651,000 a year ago. The company reported profit from operations of LKR 58,495,000 and profit before taxation of LKR 54,792,000 compared to profit from operations of LKR 47,712,000 and profit before taxation of LKR 45,038,000 a year ago.

For the six months, the company reported net profit of LKR 79,997,000 or LKR 0.164 per share on revenue of LKR 185,922,000 compared to net profit of LKR 65,970,000 or LKR 1.35 per share on revenue of LKR 159,806,000 a year ago. The company reported profit from operations of LKR 115,785,000 and profit before taxation of LKR 107,412,000 compared to profit from operations of LKR 95,559,000 and profit before taxation of LKR 90,611,000 a year ago. Net cash inflow from operating activities was LKR 75,846,000 and purchase of property, plant & equipment was LKR 5,534,000 compared to net cash inflow from operating activities of LKR 25,917,000 and purchase of property, plant & equipment of LKR 73,158,000 a year ago.