Sri Lanka, Aug. 13 -- Prime Lands Residencies PLC (CSE: PLR.N) has commenced FY2027 with a strong financial performance, recording significant year-on-year growth across key profitability indicators for the three months ended 30 June 2026.

The Company reported revenue of Rs. 4.59 billion for the quarter, representing a 98% increase compared to Rs. 2.32 billion recorded during the corresponding period of the previous year. Gross profit increased by 76% year-on-year to Rs. 1.21 billion, while operating profit rose by an impressive 92% to Rs. 857.1 million, reflecting the continued strength of the Company's core operations. Profit before taxation increased by 61% year-on-year to Rs. 879.0 million, while profit after tax grew by 65% to Rs. 6...