John Keells Holdings PBT up 6%
The Group profit before tax (PBT) at Rs.3.19 billion in the first
quarter of the financial year 2015/16 is an increase of 6 percent over
the Rs.3.02 billion in the previous financial year which included a
capital gain of Rs. 389 million.
The increase in PBT for the quarter over the previous year is
primarily on account of a 43 percent increase in operating profits,
demonstrating a robust underlying business performance. The profit
attributable to equity holders at Rs.2.18 billion reflects an increase
of 2 percent over the Rs.2.14 billion in the corresponding period of the
previous financial year.The revenue at Rs. 21billion is a marginal
increase over the Rs.20.70 billion recorded in the previous financial
year.The company PBT for the first quarter of 2015/16 at Rs.3.25 billion
is an increase of 10 percent over the Rs.2.96 billion recorded in the
corresponding period of 2014/15.
The Transportation group PBT of Rs.590 million in the first quarter
of 2015/16 is an increase of 19 percent over the first quarter of the
previous financial year (2014/15 Q1: Rs.498 million).
The increase in profitability is attributable to the performance of
the Group's Bunkering business which recorded an improvement in margins
on the back of an improved local operating environment and the
performance of South Asia Gateway Terminals (SAGT), where an encouraging
growth in higher yielding domestic TEUs contributed positively towards
its profitability.
The Leisure group PBT of Rs.553 million in the first quarter of
2015/16 is a decrease of 16 percent over the first quarter of the
previous financial year (2014/15 Q1: Rs.659 million). The decline in PBT
is mainly on account of the City Hotel sector, where the Group's 5-star
city hotels recorded a decline in occupancies due to the partial closure
of Cinnamon Lakeside.
The Property group PBT of Rs.203 million in the first quarter of
2015/16 is a decrease of 7 percent over the first quarter of the
previous financial year (2014/15 Q1: Rs.218 million). The decline in PBT
is mainly on account of the lower revenue recognition of the "OnThree20"
residential development project which reached completion in the previous
financial year. |