CSE filing·May 14, 2026
CHANGE IN STATUS OF DIRECTOR - MR. J. C. PAGECT Land Development Plc
CTLD.N0000Property & Construction · Real Estate Development
Rs 39.40
+0.00%as of Aug 3, 2026
Price history
+21.23%
P/E
14.7
P/B
0.58
EPS
Rs 2.68
Div Yield
0.00%
Market Cap
Rs 3.2B
Beta
1.27
ROE
12.4%
Op Margin
-103.8% (-129.4pp)
Annual fundamentals
| Year | Revenue | Net profit | EPS |
|---|---|---|---|
| 2026 | Rs 283.2M | Rs 684.4M | 8.42 |
| 2025 | Rs 524.0M | Rs 194.9M | 2.40 |
| 2024 | Rs 467.7M | Rs 728.3M | 8.96 |
| 2023 | Rs 349.5M | Rs -51.6M | -0.64 |
| 2022 | Rs 146.8M | Rs -17.0M | -0.21 |
| 2021 | Rs 347.5M | Rs 127.7M | 1.57 |
| 2020 | Rs 487.2M | Rs 210.1M | 2.59 |
Recent dividends
- 2020 · finalRs 0.75
- 2020 · first interimRs 1.00
- 2019 · finalRs 1.25
- 2017Rs 1.80
- 2017Rs 1.40
- 2016Rs 1.35
- 2015Rs 1.25
- 2013Rs 1.20
About CT Land Development Plc
CT Land Development PLC is a Sri Lankan real estate company engaged in property development and the ownership, management and letting of commercial properties. Its activities focus on retail and commercial investment properties and the operation of shopping complexes. The company’s flagship asset is the Majestic City Shopping Complex in Colombo, which is undergoing refurbishment to enhance the shopping and entertainment experience and to broaden the tenant mix; occupancy levels remained stable at around 70% during the reported period. The company manages tenancy, asset upgrades and property maintenance to support rental income and asset value. CT Land holds an investment property portfolio from which it derives rental income and periodically records revaluations of its properties; operational initiatives cited include cost and energy efficiency measures and efforts to optimise tenant composition and operating performance.
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Recent news
CSE filing·Feb 5, 2026
IN TERMS OF RULE 9.10.3 -RECONSTITUTION OF BOARD SUB COMMITTEESCSE filing·Feb 5, 2026
APPOINTMENT OF MR. PRIYAN EDIRISINGHE AS THE SENIOR INDEPENDENT DIRECTORDaily FT·Feb 5, 2026·Management or board changePositive
Former AG joins CT Land Development BoardCT Land Development PLC appointed Chulantha Wickramaratne, former Auditor General (2019–2025), as an Independent Non-Executive Director. Wickramaratne has also held independent directorships at CT Holdings PLC and Cargills (Ceylon) PLC.
Ada Derana·Feb 5, 2026·Management or board changePositive
Former Auditor General W.P.C. Wickramaratne Joins CT Land Development PLC BoardCT Land Development PLC appointed former Auditor General W.P.C. Wickramaratne as an Independent Non-Executive Director effective 3 February 2026. He will join the Audit, Related Party Transactions Review, Nominations & Governance and Remuneration Committees and holds no CTLD shares as at appointment.
Construction Activity
Daily FT·Jan 30, 2026·Management or board changePositive
Zakir Mohamedally appointed to CT Land BoardCT Land Development PLC appointed Zakir Mohamedally as a Non-Independent Non-Executive Director. Mohamedally brings over two decades of audit, assurance and capital markets experience and is Group COO and Head of Investment Banking at the CT Smith Holdings Group.
Daily FT·Jan 23, 2026·Management or board changePositive
Shalindra Fernando appointed CEO of CT Land DevelopmentCT Land Development PLC appointed Shalindra Fernando as Chief Executive Officer effective 16 January 2026. Fernando has over 18 years of senior leadership experience across FMCG, retail, beverages and enterprise technology, most recently serving as Senior VP and Chief Revenue Officer at MillenniumIT ESP Ltd.
CSE filing·Aug 13, 2025
CHANGE IN STATUS OF DIRECTORDaily FT·Aug 5, 2025·Market commentary
ASPI’s 20,000-point mark triggers profit-taking at CSEASPI fell 0.64% to 19,786 after briefly crossing the 20,000 mark, with turnover of Rs.4.53bn and foreign net outflow of Rs.8.2m. Banking stocks and conglomerates weighed on the market, with JKH, MELS, NDB, AEL and BUKI among top negative contributors while DFCC and Royal Ceramics saw gains.
CSE filing·Jul 18, 2025
CHANGE IN STATUS OF DIRECTORProperty & Construction sector: what is happening
Last 30 days to Aug 4, 2026Sri Lanka's construction PMI rose in June, signaling expansion, though firms cited skilled labor and bitumen shortages. Cabinet cleared procurement for Phase 1 of the Ruwanpura Expressway and approved 23 regional industrial projects. Treasury allowed repricing of state contracts to reflect higher costs. In property, high-end condos led Q1 sales while volumes fell.
The stories behind it
Auto-generated from 29 sector news articles over 30 days. Not investment advice. 2 more stories on the sentiment page.