Prime Lands Residencies PLC news & filings

Colombo Stock Exchange opened marginally higher: ASPI rose 14.13 points to 21,070.39 and the S&P SL20 gained 0.11% to 5,935.33, with turnover of LKR 9.97m. Notable movers included Industrial Asphalts (+16.7%), Prime Lands, Dialog, Haycarb and NDB; SMB Finance and Commercial Bank fell; Softlogic Finance announced a LKR 1.002bn rights issue and Aitken Spence Hotel Holdings proposed up to LKR 5bn debenture issue.

Prime Lands Residencies PLC (PLR.N0000) has completed the superstructures of all three towers at The Colombo Border in Peliyagoda, moving the development ahead of schedule and enabling handovers from mid-2027. Tower Cosmos is fully sold out, with remaining two- and three-bedroom units starting around Rs.48 million.

Prime Lands Residencies PLC has completed the superstructures (topped off) of all three towers at The Colombo Border, a key construction milestone that the company says advances the project ahead of schedule. Handover is due from mid-2027 and Tower Cosmos is reported sold out, with remaining two- and three-bedroom units from Rs 48M.

Prime Lands Residencies PLC is developing The Seasons in Colombo 08, 44 ultra-luxury three-bedroom residences averaging ~2,000 sq ft, priced from LKR 132 million and due for completion and occupancy in mid-2027.

Prime Lands Residencies PLC has commenced transfer of deeds to homeowners at The Palace Gampaha, a 480-unit condominium development. The company says it completed required statutory approvals including Condominium Management Authority certifications; remaining furnished units start from Rs. 27.5 million.

Colombo Stock Exchange indices were down in Tuesday morning trade: the ASPI fell 0.20% (43.75 pts) to 21,573.13 and the S&P SL20 fell 0.20% to 6,072.34, with market turnover at Rs.340.8 million. Hayleys said S&P assigned an international foreign currency rating of B+ (stable) and Pegasus Hotels called an EGM on Sept 11, 2026 to seek approval for a share sub-division.

Prime Lands Residencies PLC was named Sri Lanka's Most Valuable Real Estate Brand in Brand Finance's 2026 rankings. The residential arm of Prime Group, Prime Residencies has delivered over 55 apartment projects (47 completed) and the award cites its brand strength, financial performance and long-term value.

Prime Lands Residencies PLC reported Q1 FY2027 revenue of Rs.4.59 billion (up 98% y/y) and profit after tax of Rs.661.6 million (up 65% y/y). Operating profit was Rs.857.1 million (up 92%), operating cash generation was Rs.1.51 billion and the company paid Rs.750 million in dividends during the quarter.

Colombo bourse extended a four-session winning run as the ASPI rose 0.22% (47.38 pts) to 21,417.47, with turnover Rs.3.8bn and foreign investors net sellers of ~Rs.2.35bn. The S&P SL20 inched down and retailing led daily turnover.

Sri Lanka's CSE closed up on Monday with the ASPI +0.22% to 21,417.47 and the S&P SL20 +0.04% to 5,990.51. Market turnover was Rs 3.81bn, retail shares led with Rs 1.05bn, and Royal Ceramics reported a Q2 profit of Rs 1.80bn, up 56.1% y/y.