Thursday September 20, 2018

Sri Lanka's John Keells Holdings Sep net edge down

Nov 05, 2017 14:16 PM GMT+0530 | 0 Comment(s)

ECONOMYNEXT - Sri Lanka's John Keells Holdings, which has interest in hotels, ports, consumer goods and finance said profits in the September 2017 quarter were marginally down 01 percent from a year earlier, amid higher expenses and lower profits in leisure.

The group reported earnings of 2.69 rupees per share for the quarter. In the six months to September it reported earnings of 473 rupees per share on total profits of 6.5 billion rupees which grew 7 percent.

Gross revenues rose 15 percent 29.6 billion rupees but cost of sales rose at a faster 26 percent to 22.4 billion rupees, shrinking gross profits 10 percent to 7.12 billion rupees.

Administrative expenses rose 11 percent to 3.1 billion rupees, and finance income was flat at 2.5 billion rupees.

Profits from shipping which includes a container terminal rose to 1040 million rupees in the September quarter from 651 million rupees a year earlier.

Financial services profits rose t0 374 million rupees from 245 million

Profits from hotels fell to 719 million rupees from 1.2 billion rupees a year earlier as room rates in Colombo hotels fell and two Maldivian resorts were closed for construction.

Profits at consumer goods and retail fell to 789 million rupees from 1,142 million rupees. Information technology profits fell to 94 million rupees from 133 million rupees. (Colombo/Nov05/2017)


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