The Colombo Fort Land & Building PLC reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was LKR 19,817.98 million compared to LKR 19,218.45 million a year ago. Net loss was LKR 229.06 million compared to net income of LKR 487.32 million a year ago. Basic loss per share from continuing operations was LKR 0.95 compared to basic earnings per share from continuing operations of LKR 2.03 a year ago.
For the nine months, sales was LKR 55,437.96 million compared to LKR 57,379.09 million a year ago. Net loss was LKR 322.13 million compared to net income of LKR 2,506.41 million a year ago. Basic loss per share from continuing operations was LKR 1.34 compared to basic earnings per share from continuing operations of LKR 10.44 a year ago.