Property Development PLC reported earnings results for the fourth quarter ended December 31, 2021. For the fourth quarter, the company reported sales was LKR 230.57 million compared to LKR 227.56 million a year ago. Revenue was LKR 233.17 million compared to LKR 230.35 million a year ago.

Net income was LKR 136.2 million compared to net loss of LKR 5.58 million a year ago. Basic earnings per share from continuing operations was LKR 2.06 compared to LKR 1.21 a year ago. Basic earnings per share was LKR 2.06 compared to basic loss per share of LKR 0.08 a year ago.