Seylan Developments Plc has delivered an excellent performance, achieving the highest profitability for last eight years with a net profit after tax of Rs. 201.31 mn in 2015.
This is 102% higher than last year mainly due to increase of fair value gain from Investment Properties. The Company's profit before tax excluding fair value gain shows an increase of 18% compared to previous year mainly due to increase of rent income from Seylan Bank PLC, the parent Company and decrease of expenses as well.
With this impressive performance, EPS increased from Rs. 0.67 to Rs. 1.36 per share during 2015. The Net Asset Value per share reflected an increase of 2.62%, increasing from Rs 28.96 as at end of 2014 to Rs 29.72 as at end of 2015.
Seylan Developments Chairman Kapila Ariyaratne said the company has already formulated strategic development plans for the short and long term. In the short term, the company intends to undertake maintenance of buildings, owned by Seylan Bank using the available resources.
This is 102% higher than last year mainly due to increase of fair value gain from Investment Properties. The Company's profit before tax excluding fair value gain shows an increase of 18% compared to previous year mainly due to increase of rent income from Seylan Bank PLC, the parent Company and decrease of expenses as well.
With this impressive performance, EPS increased from Rs. 0.67 to Rs. 1.36 per share during 2015. The Net Asset Value per share reflected an increase of 2.62%, increasing from Rs 28.96 as at end of 2014 to Rs 29.72 as at end of 2015.
Seylan Developments Chairman Kapila Ariyaratne said the company has already formulated strategic development plans for the short and long term. In the short term, the company intends to undertake maintenance of buildings, owned by Seylan Bank using the available resources.
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