Property Development PLC reported group and company earnings results for the first quarter ended March 31, 2018. For the quarter, on group basis, the company’s revenue was LKR 183,247,544 compared to LKR 183,129,494 a year ago. Profit before tax was LKR 169,175,652 compared to LKR 145,663,080 a year ago. Profit attributable to equity holders of the parent was LKR 121,882,072 or LKR 1.85 per basic share compared to LKR 100,921,500 or LKR 1.53 per basic share a year ago. Net cash from operating activities was LKR 50,843,220 compared to LKR 214,913,291 a year ago. Acquisition of investment property was LKR 1,314,440 compared to LKR 275,000 a year ago. Acquisition of property, plant and equipment was LKR 142,571. For the quarter, on company basis, the company’s revenue was LKR 177,694,399 compared to LKR 177,694,399 a year ago. Profit before tax was LKR 166,404,530 compared to LKR 180,762,522 a year ago. Profit attributable to equity holders of the parent was LKR 125,580,257 or LKR 1.90 per basic share compared to LKR 141,617,498 or LKR 2.15 per basic share a year ago. Net cash from operating activities was LKR 29,587,460 compared to LKR 205,984,527 a year ago. Acquisition of investment property was LKR 1,314,440 compared to LKR 275,000 a year ago. Acquisition of property, plant and equipment were LKR 142,571.