Thursday, January 26, 2012

Sri Lanka JKH net up 56-pct in Dec quarter

Jan 26, 2012 (LBO) - Sri Lanka's John Keells Holdings said profits rose 56 percent to 2.73 billion rupees in the December 2011 quarter from a year earlier, with revenues up 35 percent to 21.1 billion rupees.

The firm reported earnings of 3.21 rupees for the quarter and 6.6.7 rupees for the nine months ending December on profits of 5.6 billion rupees, which were flat.

Segmented results showed transportation which is mainly a container terminal bringing in 842 million rupees (up from 554 million rupees, leisure 756 million (up from 523 million), property 275 million (up from 174 million), consumer foods 372 million (up from 47 million).

Financial service brought in 531 million rupees in profits (up from 338 million) and information technology 48 million rupees, reversing a loss of 9.3 million rupees a year earlier.

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