Millennium Housing Developers PLC
MHDL.N0000Property & Construction · Real Estate Development
Annual fundamentals
| Year | Revenue | Net profit | EPS |
|---|---|---|---|
| 2025 | Rs 759.7M | Rs 48.0M | 0.36 |
| 2024 | Rs 115.2M | Rs -186.9M | -1.39 |
| 2023 | Rs 674.7M | Rs -199.2M | -1.48 |
| 2022 | Rs 467.5M | Rs -84.7M | -0.63 |
| 2021 | Rs 1.0B | Rs 142.6M | 1.06 |
| 2020 | Rs 1.3B | Rs 173.4M | 1.29 |
| 2019 | Rs 1.0B | Rs 114.9M | 0.85 |
Recent dividends
- 2017Rs 0.35
- 2015Rs 0.28
- -Rs 0.25
About Millennium Housing Developers PLC
Millennium Housing Developers PLC is a Sri Lankan housing and property development company engaged in land development, residential construction and township projects across urban and semi-urban areas of Sri Lanka. The Company develops and sells land, houses, apartments, villas and mixed-use residential schemes, and undertakes associated infrastructure works. The Company’s principal activities include the sale of developed land and houses following infrastructure development and the construction of houses, apartments, flats, housing units and condominiums. Notable projects and initiatives referenced in the annual report include the "Millennium City" housing project in Ja-Ela, the River View development in Katunayake, planned and relaunched apartment projects in Rajagiriya and Nawala, and vertical living developments in Kirulapone and Nawala; the Group has extended its presence to locations including Ja-Ela, Polgasowita, Nawala, Katunayake and other parts of Colombo and the Gampaha district. The business is reported and managed together with its wholly owned subsidiaries, Millennium Housing Limited, Millennium Villa Housing Development Limited, Millennium Housing Construction Limited, MC Urban Developers Limited and MC Universal Limited, collectively referred to as the Millennium Group. The Company’s registered office is No. 66/9B, Green Path, Colombo 7.
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The SEC has deferred the suspension of trading in Millennium Housing Developers PLC shares until 31 August 2026 (previously due 31 December 2025). The company was placed on the Watch List in December 2023 after auditors raised a going-concern emphasis for FY2023, repeated in FY2024 and FY2025; shares closed at Rs.6.60.
SEC deferred the trading suspension on Millennium Housing Developers PLC (MHDL.N0000) until 31 December. The suspension, due to take effect on 1 September, related to 'emphasis of ongoing concern' notes in the Independent Auditor’s Reports for the years ended 31 March 2024 and 31 March 2025.
SEC has deferred the trading suspension of Millennium Housing Developers PLC until further notice; the suspension related to a going-concern qualification in the company's audited statements for the year ended 31 March 2023.
Millennium Housing Developers (MHDL.N0000) will not be suspended from trading as of Sept 1 after it requested a deferment from the SEC under CSE Listing Rule 7.5, the exchange said. The company faced suspension over a going-concern qualification in its audited statements for the year ended 31 Mar 2023 and the stock was trading flat at Rs 7.40.
Further to the notice published on 21st August 2025 regarding the trading suspension of MHDL.N0000, please note that, since the company has requested a deferment from the SEC in terms of Rule 7.5(d)(ii)A.12 of the CSE Listing Rules, the trading of the said security will not be suspended until further notice .
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.