Kelsey Homes records strong performance in First Quarter of 2021

Kelsey Developments PLC has recorded Rs. 50 million in revenue for the first quarter of the financial year 2021-22.

The company said in a media release that it secured cumulative reservations for an expected sales value of Rs. 3,212 million as of 30^th June 2021, which will be recognised in the following months.

“Our team consistently strived to pursue growth targets while ensuring the safety and wellbeing of all involved. This was not an easy task, yet we succeeded in continuing business operations to achieve sustained growth, in the interest of all our stakeholders. We are confident the country will overcome all challenges and our advantageous position as a member of Janashakthi Group, will strengthen our ability to continue our growth momentum,” said Eardley Perera, Chairman of Kelsey Developments PLC.

Kelsey Homes’ sales reservations for the period were driven by the projects CENTRAL PARK JA-ELA, VERDANT VILLAS NEGOMBO, URBAN GATEWAY KOTTAWA and URBAN HEIGHTS WATTALA. Meanwhile, in spite of operational difficulties stemming from the pandemic situation, the company said it successfully completed the sale of housing units of both phase I & II of the CENTRAL PARK-JA-ELA project in 2020/2021.

“With an insight driven strategy to create value for all stakeholders we crafted our strategy to meet the current demand for housing in the country. We are aware that the volatile economic environment amidst the pandemic requires a prudent and time-sensitive approach to operations and will continue to focus our efforts on meeting prevalent challenges in a timely manner,” said Lalinda Kalubowila, Chief Executive Officer of Kelsey Developments PLC.