John Keells Group PBT - Rs 19.20b

John Keells Group said its profit before tax increased by 3 percent to Rs. 19.20 billion in the financial year 2015/16.

The group's recurring profit before tax increased by 10 percent to Rs.18.94 billion and group's revenue increased by 2 percent to Rs. 93.28 billion and profit attributable to equity holders of the parent decreased 2 percent to Rs.14.07 billion, a company release said.

Recurring profit attributable to equity holders of the parent increased by 5 percent to Rs.13.85 billion while net cash flow from operating activities was Rs.20.51 billion. Cash earnings per share increased by 8 percent to Rs.16.14.

Group revenue increased marginally by 2 percent to Rs.93.28 billion and 1 percent to Rs.25.36 billion for the 12 months and quarter ending 31st March 2016, respectively.

Revenue growth was impacted by the substantial decrease in oil prices affecting revenues in the Bunkering business and from the divestment of the General Insurance business in 2014/15.