Sri Lanka, April 26 -- Overseas Realty (Ceylon) PLC recorded a group revenue of Rs. 1,681 million and a group Profit Before Tax (PBT) of Rs 1,825 million for the first quarter ending 31st March 2024.

The appreciation of the LKR resulted in a net exchange gain of Rs. 1,313 million on foreign currency loans.

The company revenue of Rs. 652 million at the World Trade Center, Colombo was 9 percent higher than the corresponding quarter of last year, due mainly to higher occupancy and rental rates. Revenue of Rs. 338 million was recorded from residential sales of Havelock City which was higher than the corresponding period in 2023.

Although apartment sales were low due to depressed economic conditions and higher prices, the gradual reduction ...