CT Land Development PLC reported unaudited earnings results for the third quarter nine months ended December 31, 2012. For the quarter, the company reported net profit of LKR 34,765,000 or LKR 0.71 per share on revenue of LKR 95,634,000 compared to net profit of LKR 30,409,000 or LKR 0.62 per share on revenue of LKR 83,277,000 a year ago. The company reported profit from operations of LKR 52,005,000 and profit before taxation of LKR 48,483,000 compared to profit from operations of LKR 44,163,000 and profit before taxation of LKR 40,393,000 a year ago.

For the nine months, the company reported net profit of LKR 116,223,000 or LKR 2.38 per share on revenue of LKR 281,556,000 compared to net profit of LKR 96,379,000 or LKR 1.98 per share on revenue of LKR 243,083,000 a year ago. The company reported profit from operations of LKR 169,251,000 and profit before taxation of LKR 157,356,000 compared to profit from operations of LKR 139,722,000 and profit before taxation of LKR 131,004,000 a year ago. Net cash inflow from operating activities was LKR 121,736,000 and purchase of property, plant & equipment was LKR 5,890,000 compared to net cash inflow from operating activities of LKR 58,081,000 and purchase of property, plant & equipment of LKR 103,543,000 a year ago.