John Keells Group records Rs.15.78 b PBT

John Keells Holdings PLC released its Interim Results for the fourth quarter ended March 31, 2013.

For the financial year 2012/13, revenue was Rs. 85.56 billion, a 10 percent increase over the revenue of Rs.77.69 billion recorded in the previous year.

Group profit before tax (PBT) was Rs.15.78 billion, a 23 percent increase over the PBT of Rs.12.82 billion recorded in the previous year.

The profit attributable to the equity holders of the parent was Rs.12.20 billion, a 26 percent increase over the Rs.9.69 billion reported in the previous financial year.

The finance income of Rs. 4.77 billion for the year includes Union Assurance PLC's life and general insurance funds' interest income of Rs. 2.66 billion, which net of related costs has been reflected under the Financial Services operating segment results.

The recurring PBT for the financial year 2012/13, excluding fair value adjustments on investment property and capital gains on share disposals, was Rs.13.54 billion, an increase of 19 percent over the recurring PBT of Rs.11.41 billion in the previous year.

On a similar basis, the recurring profit attributable to equity holders of the parent was Rs.10.31 billion, representing an increase of 21 percent over the Rs. 8.54 billion recorded in the previous year.