Company filings and market news from across Sri Lanka's stock market.
Prime Lands Residencies PLC won the Silver Award for Best Use of Account-Based Marketing at the Hashtag Asia Awards 2026. The award recognises its "Prime 365: Always-On. Always Ahead." campaign and highlights the company's digital marketing leadership in Sri Lankan real estate.
Prime Lands Residencies PLC pre-launched 'The Prime Colombo', a 39-floor residential development on Baseline Road with two- and three-bedroom units from LKR 45 million and construction targeted for completion in October 2030. The developer cites estimated rental yields above 6% and flexible payment plans.
The Condominium Developers Association of Sri Lanka re-elected Pinsiri Fernando as chairman at its 12th AGM on 23 June 2026 and appointed an executive committee that includes Roderick David (Overseas Realty), Aelian Gunawardena (JAT Property Group) and Brahmanage Premalal (Prime Lands).
Dialog Enterprise (Dialog Axiata PLC) has partnered with Prime Lands Residencies PLC to provide high-speed Dialog Fibre connectivity to residents of The Colombo Border development in Peliyagoda. Services include dedicated fibre bandwidth, managed Wi-Fi, IPTV and 24x7 network operations support.
Prime Lands Residencies PLC has started construction of MON VIE, an ultra-luxury condominium (Ground + 25) in Colombo 05 with prices from LKR 86 million, featuring a floating rooftop restaurant and scheduled for completion in April 2030.
ASPI jumped 3.43% (743.22 pts) to 22,380.65 as markets rallied on signs of a possible end to the Middle East war, with index-weighted counters SAMP, COMB, JKH, MELS and DIAL among top contributors; turnover exceeded Rs.4bn and foreigners were net buyers (Rs.21.1m).
Colombo Stock Exchange ASPI rose 0.34% to 22,456.18 (up 75.53 pts) as turnover reached 2.42 billion rupees, with materials leading turnover at 1.4 billion. Top positive contributors were Melstacorp, Commercial Bank, HNB and DFCC, while LOLC and Prime Lands were top decliners.
ASPI fell 0.4% (85.70 pts) to 21,461.47 as selling pressure reversed early gains; turnover was below Rs.1.7bn and foreign investors were net buyers of Rs.55.9m. Major negative contributors were C T Holdings, Melstacorp, Ambeon, Access Engineering and Central Finance, while John Keells, Chevron Lubricants and Commercial Bank were top turnover names.
Prime Lands Residencies PLC reported FY2026 profit after tax of Rs. 2.06 billion (up 67% YoY) and declared an interim cash dividend of Rs. 0.80 per share (ex-dividend 09 Jun 2026; payment 26 Jun 2026).
Sri Lanka's ASPI rose 0.50% to 22,309.23 midday Friday, with turnover Rs.240.5m and capital goods leading turnover at Rs.94.3m. Top movers included Access Engineering, Aitken Spence (declared Rs.4 tax-exempt dividend), Hemas and Central Finance while SMB Finance, Watawala, John Keells and Windforce fell.
Dividend · Rs 0.80 · XD Jun 9, 2026
Dividend of LKR 0.8/share; XD 2026-06-09; record 2026-06-09; payable 2026-06-26; FY 2026
Prime Lands Residencies PLC (PLR.N0000) was named Developer of the Year, Sri Lanka at the Real Estate Asia Awards 2026. The company, the largest real-estate entity listed on the Colombo Stock Exchange, has launched over 50 apartment projects with more than 45 completed.
The ASPI fell 2.59% (592.28 points) to 22,313.47 — its third-largest single-day points decline — as the CSE closed sharply lower with turnover nearly Rs.4.9bn and foreign net outflow of Rs.114.3m. Key negative contributors included John Keells, RIL Property, Hayleys, Commercial Bank and Colombo Dockyard while capital goods and banking sectors led turnover and losses.
Prime Lands Residencies PLC has officially handed over 43 by the Sea, a sold-out ground plus 12-storey residential development on Marine Drive, Colombo; construction is complete, transfer deeds are ready and homeowners have taken possession.
RIUNIT hosted 'Driving Growth Through Real Estate: 10 Year Plan' at the Port City Sales Gallery on 5 May 2026 to launch a decade-long roadmap to attract international real estate investment. The forum, sponsored/attended by major developers including Prime Group and RIL Properties, focused on Port City, affordability and sector synergies.
Colombo market closed in the green for a fourth straight session as the ASPI rose 0.07% to 22,635 and the S&P SL20 gained 0.18% to 6,241.01; turnover was about Rs.4.2bn and foreign investors were net sellers of Rs.332.5m. CINS, BREW and JKH were among top contributors while diversified financials and banks led turnover.
Colombo Stock Exchange closed up, ASPI +0.07% to 22,635, with diversified financials leading turnover (Rs 1.98bn) helped by the debut of Janashakthi; total market turnover was Rs 4.19bn.
Colombo bourse opened mixed: ASPI rose 0.04% to 21,126.60 while the S&P SL20 fell 0.24%; market turnover exceeded Rs. 3bn and foreign investors were net sellers of Rs. 804.7m. Food & beverage and capital goods led turnover with heavy crossings in Melstacorp.
ASPI rose 3.56% for the week but closed yesterday down 0.21% at 21,375.73 as the bourse ended a volatile week; foreign investors were net sellers of over Rs.1.2 billion and market turnover was about Rs.2.7 billion.
Colombo market rebounded as the ASPI rose 1.09% (222.54 pts) to 20,640.63 on turnover of Rs.5.27bn, while foreign investors were net sellers of Rs.191.2m. Banking led turnover (34%) driven by HNB crossings of Rs.607.7m; top movers included DOCK, RIL, AEL, MELS and ACL.
The ASPI rose 0.60% (134.03 pts) to 22,577.41 on bargain hunting after a prior session plunge, with turnover ~Rs.4.7bn and foreign net outflow of Rs.95.1m. Capital goods led turnover (Rs.1.5bn) while banking and diversified financials also drove gains.
Prime Lands Residencies PLC has acquired the Otters Club car park in Colombo 7 to develop 'The Elizabeth', a ground-plus-23-storey residential tower on about one acre. The development will integrate the historic Otters Club on floors 4–5 and is now open for reservations.
Colombo market closed marginally higher: ASPI +0.05% (12.48 pts) at 23,703.10 and S&P SL20 +0.06% at 6,685.27 on turnover >Rs.4bn. Diversified financials, capital goods and banking led activity with CDB, DIAL, PLR, JKH and DOCK as key positive contributors while foreigners were net sellers (Rs.72m; YTD outflow Rs.15.9bn).
Prime Lands Residencies PLC (PLR.N0000) has secured the Otters Club car park in Colombo 7 to develop 'The Elizabeth', a ground-plus-23-storey residential tower on about one acre and has opened reservations.
Colombo market ended marginally higher with the ASPI up 0.04% (9.38 pts) at 23,783.02 and the S&P SL20 up 0.11% at 6,728.71, on turnover below Rs.2.6bn; foreign investors were net sellers of Rs.52.8m. MELS, RICH, PLR, COMB and HNB were key positive contributors and the banking sector led turnover (17%).
The ASPI fell 0.07% to 23,882.82 in a volatile session with turnover of Rs.4.2bn and foreign net outflow of Rs.42.3m. Leading negative contributors were CTHR, PABC, DIMO, DFCC and RICH, while Softlogic Capital and Prime Lands led turnover.
Prime Lands Residencies PLC reported 3Q (ended 31 Dec 2025) revenue up 43% y/y to Rs. 2.80 billion and profit after tax up 144% y/y to Rs. 562.3 million. Gross profit rose to Rs. 1.05 billion and EPS was Rs. 0.60, driven by accelerated construction and first-time revenue from The Seasons Colombo 08.
Prime Lands Residencies PLC won the Silver Award in the Land and Property Companies sector at the TAGS Awards 2025. It is the fourth consecutive year the company has been honoured, highlighting its corporate reporting, transparency and sustainability practices.
Prime Lands Residencies PLC (PLR.N0000) reported Q3 FY2025/26 revenue up 43% y/y to Rs. 2.80 billion and profit after tax up 144% y/y to Rs. 562.3 million. Growth was driven by accelerated construction progress (Tower C topping off) and first-time revenue from The Seasons Colombo 08; nine-month PAT rose 68% to Rs. 1.50 billion.