Commercial Development Co. Plc
CCSELK:COMD.N0000278.00
LKR
+5.25
(+1.92%)
Commercial Development Co. Plc
CSELK:COMD.N0000
(Colombo Stock Exchange)
Recent
price
278.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Commercial Development Company PLC is a Sri Lanka-based real estate and support services company that primarily develops, manages, and leases commercial properties and provides comprehensive outsourced facility and administrative solutions. Incorporated in 1980 and headquartered in Colombo, Sri Lanka, the company operates as a subsidiary of Commercial Bank of Ceylon PLC, which holds an approximate 90% equity stake, and trades on the Colombo Stock Exchange under the ticker COMD.N0000. The company organizes its business activities into several core service categories: Commercial Property Leasing and Management, encompassing the rental, administration, and asset management of key commercial properties, including the multi-storey Commercial House head office building in Colombo, as well as property holdings and parking facilities in Negombo and Tangalle; Staff Outsourcing and Manpower Services, involving the supply and management of outsourced administrative, operational, clerical, and support personnel for banking operations; Vehicle Fleet Hiring and Logistics, providing dedicated motor vehicle hiring and corporate transportation solutions; and Facility Engineering and Utility Services, delivering comprehensive premises maintenance, heating, ventilation, and air conditioning (HVAC) servicing, janitorial management, and office administration services. In recent developments, Commercial Development Company PLC has focused on modernizing and upgrading its key real estate assets, implementing building efficiency and HVAC upgrades at Commercial House to support the parent group's operational sustainability and carbon-neutral targets. The company has expanded its vehicle fleet and manpower deployment allocations to accommodate the evolving logistical needs of Commercial Bank of Ceylon PLC's island-wide branch infrastructure, while benefiting from substantial asset revaluation gains across its core property portfolio.