Seylan Developments PLC reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was LKR 102.41 million compared to LKR 87.99 million a year ago. Revenue was LKR 103 million compared to LKR 98.11 million a year ago.

Net income was LKR 67.6 million compared to LKR 65.4 million a year ago. Basic earnings per share from continuing operations was LKR 0.46 compared to LKR 0.44 a year ago.