Seylan Developments PLC records improved performance
View(s):Seylan Developments PLC reported another improved financial performance for the nine months period ended 30th September 2015. The results demonstrate the underlying potential of the Company to create financial value to its stakeholders.The company’s profit after tax of Rs: 79.17 million for the nine months ended 30th September 2015 reflected a growth of 12.66 per cent compared to the Rs: 70.27 million recorded for a similar period during the previous year.Operating profit increased from 66.21 million to Rs: 76.43 million showing 15.44% increase compared to the corresponding nine months period in 2014.
The quarterly (Q-3 2015) post tax profit of Rs. 27.77 million was an improvement of 30.78 per cent compared with Rs. 21.23 million reported in corresponding three months of last year.The Company’s Net Asset Value per share as at 30th September 2015 increased by 0.83 per cent to Rs29.00 and the Earnings per Share for the period stood at Rs 0.54.