Seylan Developments PLC reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was LKR 98.85 million compared to LKR 97.91 million a year ago. Revenue was LKR 100.6 million compared to LKR 105.38 million a year ago. Net income was LKR 62.46 million compared to LKR 73.6 million a year ago. Basic earnings per share from continuing operations was LKR 0.42 compared to LKR 0.5 a year ago.
For the six months, sales was LKR 201.26 million compared to LKR 185.89 million a year ago. Revenue was LKR 203.61 million compared to LKR 203.49 million a year ago. Net income was LKR 130.06 million compared to LKR 139 million a year ago. Basic earnings per share from continuing operations was LKR 0.88 compared to LKR 0.94 a year ago.