Thursday, July 29, 2010

Sri Lanka John Keells net up 55-pct

July 29, 2010 (LBO) - Sri Lanka's John Keells group said net profits for the June 2010 quarter rose 55 percent to 1,010 million rupees, while revenues grew 28 percent to 12.9 billion rupees.
Chairman Susantha Ratnayake said pretax profit from the group's transport division which includes a container terminal was up 52 percent to 802 million rupees.

Its leisure unit lost 14 million rupees, down from a loss of 47 million rupees a year earlier with several hotels being refurbished.

JKH's property division earned 145 million rupees in the June quarter, up from 34 million rupees a year earlier.

Consumer foods and retail earned 169 million rupees before tax, up from 41 million rupees last year.

"The soft drinks and ice cream businesses and the Keells Food Products business saw substantial volume growth during the quarter," Ratnayake said.

Financial services, which includes commercial banking, insurance and stock brokering, earned 377 million rupees before tax, up 74 percent.

Information technology barely broke even with 0.8 million rupees with the help of office automation products.

source - www.lbo.lk

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