Seylan Developments PLC (COSE: CSD.N0000)

Seylan Developments Income Statement

Financials in millions LKR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	386.73	387.11	386.64	342.13	326.2	288.05
Other Revenue	7.82	6.69	4.65	7.85	11.07	7.79
Total Revenue	394.55	393.8	391.29	349.98	337.27	295.83
Revenue Growth (YoY	0.80%	0.64%	11.80%	3.77%	14.01%	1.49%
Property Expenses	61.5	54.83	37.96	32.15	37.19	39.61
Selling, General & Administrative	21	21	14.79	11.14	12.78	18.32
Other Operating Expenses	48.7	48.7	46.82	39.11	36.6	37.75
Total Operating Expenses	131.2	124.53	99.58	82.4	86.57	95.68
Operating Income	263.35	269.27	291.72	267.58	250.7	200.15
Interest Expense	-1.58	-1.58	-0.5	-0.01	-0.06	-0.55
Interest & Investment Income	96.8	108.33	61.78	30.73	28.66	27.99
Currency Exchange Gain (Loss)	-7.29	-7.29	12.09	0.34	-0.17	-1.04
Other Non-Operating Income	-	-	0.08	6.63	38	-0.25
EBT Excluding Unusual Items	351.27	368.73	365.18	305.26	317.13	226.3
Gain (Loss) on Sale of Investments	-	-	-	6.64	1.19	1.58
Asset Writedown	76.54	76.54	162.4	13.86	15.5	27.92
Pretax Income	427.81	445.27	527.57	325.76	333.82	255.8
Income Tax Expense	84.99	91.46	288.62	-25.05	73.61	62.79
Net Income	342.82	353.81	238.96	350.82	260.21	193.01
Net Income to Common	342.82	353.81	238.96	350.82	260.21	193.01
Net Income Growth	49.04%	48.07%	-31.89%	34.82%	34.82%	-24.32%
Basic Shares Outstanding	146	148	148	148	148	148
Diluted Shares Outstanding	146	148	148	148	148	148
Shares Change (YoY)	-1.44%	-	-	-	-	-
EPS (Basic)	2.35	2.39	1.61	2.37	1.76	1.30
EPS (Diluted)	2.35	2.39	1.61	2.37	1.76	1.30
EPS Growth	51.22%	48.07%	-31.89%	34.82%	34.82%	-24.32%
Dividend Per Share	1.000	1.000	1.200	1.400	1.200	1.100
Dividend Growth	-16.67%	-16.67%	-14.29%	16.67%	9.09%	10.00%
Operating Margin	66.75%	68.38%	74.55%	76.46%	74.33%	67.66%
Profit Margin	86.89%	89.85%	61.07%	100.24%	77.15%	65.24%
Free Cash Flow Margin	43.73%	51.79%	73.71%	79.39%	73.32%	62.19%
EBITDA	264.63	270.52	292.9	268.66	251.73	201.04
EBITDA Margin	67.07%	68.69%	74.86%	76.77%	74.64%	67.96%
D&A For Ebitda	1.28	1.25	1.19	1.08	1.03	0.89
EBIT	263.35	269.27	291.72	267.58	250.7	200.15
EBIT Margin	66.75%	68.38%	74.55%	76.46%	74.33%	67.66%
Effective Tax Rate	19.87%	20.54%	54.71%	-	22.05%	24.55%
Revenue as Reported	394.55	393.8	391.37	362.05	375.27	295.83

Source: S&P Capital IQ. Real Estate template. Financial Sources.