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Real Estate

Oct 24, 2007 (LBO) – Sri Lanka's Property Development Ltd (PDL) has reported net profit for the third quarter ended September 30, 2007 rose 26 percent to 49 million rupees year-on-year. Revenue was static at 76.3 million rupees and the company benefited from a sharp rise in other operating income, mainly interest income, which rose 12.5 million rupees to 32,5 million.

Net profit for the nine months was up 20 percent to 142 million rupees. .