Seylan Developments PLC 2010 AR2
The report details the financial and sustainability performance of Seylan Developments PLC for the fiscal year 2010. During the year, the company experienced a restructuring process under new management, shifting its short-term focus from property development to property management. Financially, the company recorded a net loss after taxes of Rs. 27.74 million, primarily due to provisions made for Ceylinco group exposure, despite a marginal 2% increase in rental income. On the sustainability front, the company adopted the Global Reporting Initiative (GRI) framework for the first time, highlighting energy conservation efforts at Seylan Towers and a commitment to zero tolerance for child labor.
Company: Seylan Developments PLC
Sector: Real estate
Country: Sri Lanka
Year: 2010
Type: AR2
Pages: 92
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Seylan Developments PLC
Annual Report
The report details the financial and sustainability performance of Seylan Developments PLC for the fiscal year 2010. During the year, the company experienced a restructuring process under new management, shifting its short-term focus from property development to property management. Financially, the company recorded a net loss after taxes of Rs. 27.74 million, primarily due to provisions made for Ceylinco group exposure, despite a marginal 2% increase in rental income. On the sustainability front, the company adopted the Global Reporting Initiative (GRI) framework for the first time, highlighting energy conservation efforts at Seylan Towers and a commitment to zero tolerance for child labor.
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Document Details
Report Year
2010
Reporting Period
Jan 1, 2010 - Dec 31, 2010
Fiscal Year
2010
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Energy Consumption
Workplace Fatalities
Employees