CSE filing·Mar 31, 2026
Appointment of sub committeeMyland Developments PLC
MDL.N0000Property & Construction · Real Estate Development
Rs 17.30
-0.57%as of Aug 3, 2026
Price history
+71.29%
P/E
-
P/B
3.93
EPS
Rs -0.46
Div Yield
-
Market Cap
Rs 627.1M
Beta
-1.94
ROE
-11.5%
Op Margin
14.1% (+31.2pp)
Annual fundamentals
| Year | Revenue | Net profit | EPS |
|---|---|---|---|
| 2025 | Rs 48.9M | Rs -16.8M | -0.46 |
| 2024 | Rs 70.4M | Rs -27.2M | -0.75 |
| 2023 | Rs 66.4M | Rs -11.2M | -0.31 |
| 2022 | Rs 249.6M | Rs 44.7M | 1.49 |
Recent dividends
- 2022 · finalRs 0.25
About Myland Developments PLC
Myland Developments PLC is a Sri Lanka-based real estate developer engaged in the acquisition, development and sale of properties for residential and commercial purposes. The company purchases land, undertakes land development and blocking out, and markets finished residential land plots with payment plans intended to enhance affordability for middle and low income buyers. Its operations encompass the full development cycle, land acquisition, obtaining regulatory approvals, project implementation and disposal of developed properties. Projects referenced in company reporting include Field Breeze (Divulapitiya), Hartland (Divulapitiya), Serenity Park (Kirindiwela) and Kingsbury (Balummahara), and the company periodically launches new projects to replenish inventory. Myland’s customer base is primarily domestic, focused on middle- and low-income segments in Sri Lanka. Corporate oversight, including strategy and risk management, is provided by the Board of Directors and executive management, and the company’s operations are conducted solely within Sri Lanka.
AI analysis
No AI research report for Myland Developments PLC yet. Generate one from everything we track: prices, valuation, news sentiment, financials and corporate actions.
Generate an analysis →News sentiment
Describes news flow, not a forecastLast 30 days
Not enough news to read
No scored news in the last 30 days.
24 months positive negative 3-month net
Recent news
CSE filing·Mar 31, 2026
Appointment of sub committeeCSE filing·Mar 25, 2026
CHANGE OF AUDITORSDaily FT·Dec 31, 2025·Management or board changePositive
Myland gets new ChairpersonMyland Developments PLC appointed independent non-executive director Savanth Sebastian as Chairperson of its Board. He brings 21 years of experience in economics and financial services and holds senior roles at Colombo City Holdings and Ambeon Capital.
Daily FT·Dec 3, 2025·Management or board changePositive
Myland Developments appoints Dr. Damindra Ranjan Dissabandara to Board as Executive DirectorMyland Developments PLC appointed Dr. Damindra Ranjan Dissabandara to its Board as an Executive Director. Dr. Dissabandara, who is CEO of Colombo City Holdings PLC, has over 25 years' experience in corporate leadership, academia and consultancy.
CSE filing·Nov 12, 2025
MANDATORY OFFER BY AMBEON CAPITAL PLC TO PURCHASE ALL THE REMAINING ISSUED AND
PAID-UP ORDINARY SHARES IN MYLAND DEVELOPMENTS PLCDaily FT·Nov 11, 2025·Management or board change
Myland makes three new Board appointmentsMyland Developments PLC appointed Savanth Sebastian and Ravi Goonetilleke as Independent Non‑Executive Directors and Dr. Kanchana Narangoda as an Executive Director. The appointees bring experience and links to firms including Ambeon Capital, Colombo City Holdings, Dankotuwa Porcelain, Hemas and Nations Trust Bank.
CSE filing·Oct 28, 2025
MANDATORY OFFER BY AMBEON CAPITAL PLC TO PURCHASE ALL THE
REMAINING ISSUED AND PAID-UP ORDINARY SHARES OF MYLAND
DEVELOPMENTS PLC -NEW CLOSING DATE OF THE OFFERCSE filing·Oct 27, 2025
MANDATORY OFFER BY AMBEON CAPITAL PLC TO PURCHASE ALL THE REMAINING ISSUED AND PAID-UP ORDINARY SHARES OF MYLAND DEVELOPMENTS PLCDaily FT·Oct 27, 2025·M&A / stake changePositive
Independent adviser recommends rejection of Ambeon’s mandatory offer for Myland DevelopmentsHNB Investment Bank, as independent adviser, has recommended Myland Developments shareholders reject Ambeon Capital's mandatory offer of Rs. 8.50 per share, saying it is below most fair-value estimates. HNBIB's valuations: DCF Rs. 9.57, peer P/BV Rs. 12.74, 1-month VWAP Rs. 18.86; consortium holds 81.73% and offered 18.27% remaining at Rs. 8.50.
Construction Activity
Property & 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.