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Saturday, July 23, 2011

JKL profits up by 218 percent

By Jithendra Antonio

John Keells PLC (JKL) the Broking and Real Estate arm of John keels Holdings saw its profits for year ended 31 March up by 218% to Rs.814.93 million from 256.52 million in 2010. The company’s revenue had also reached the billion mark, up by 25% from Rs. 848.14 million in 2010. However the revenue for the quarter ended in March 2011 has slightly decreased by 1% to Rs.281.9 million from Rs.285.1 million in the corresponding period of 2010.

Subsequently, profit for the quarter ended in 31 March rose from Rs.101.23 million to Rs.542.88 million (up by 436%),

and the company’s Earnings Per Share (EPS) had appreciated to Rs.25.19 from 7.56, a year ago.

Highest revenue for the quarter had been generated from share broking amounting to Rs. 492.11 million; up from 287.38 million last year. Company’s other operating income had shot up by 86% to Rs.44.55 million from Rs.23.9 million last year, whilst the share of associate company profits soar to Rs.32.9 million from Rs.585,000 in 2010. Subsequently, the Net Asset Value (NAV) of the company also rose from Rs.34.32 to Rs.49.83 per share.

source - www.dailymirror.lk