The John Keells Holdings PLC, Interim Condensed Financial Statements for the first half of the financial year 2017/18 saw a cumulative profit before tax (PBT) at Rs 9.04 billion.
This is an increase of 3 per cent over the PBT of Rs 8.75 billion recorded in the same period of the previous financial year. The Group PBT in the second quarter of the financial year 2017/18 amounted to Rs 4.95 billion against the Rs. 5.17 billion recorded in the corresponding period of the previous financial year, being a decrease of 4 per cent.
The profit attributable to equity holders in the first half at Rs.6.56 billion is an increase of 7 per cent over the corresponding period of the previous financial year while the Rs 3.73 billion recorded in the second quarter is a decrease of 1 per cent over the previous year its Chairman Susantha Ratnayake said.
The cumulative revenue for the first half of the financial year 2017/18 at Rs 56.45 billion is an increase of 16 per cent over the revenue of Rs 48.49 billion recorded in the corresponding period of the previous financial year.
The revenue at Rs.29.62 billion for the quarter under review is a 15 per cent increase over the Rs 25.76 billion recorded in the previous financial year. The Company PBT for the first half of the financial year 2017/18 at Rs.5.54 billion and at Rs.2.18 billion for the second quarter are 21 per cent and 26 per cent, respectively, above the corresponding periods of 2016/17.
The Transportation industry group PBT of Rs.1.07 billion in the second quarter of 2017/18 is an increase of 60 per cent over the second quarter of the previous financial year [2016/17 Q2: Rs.668 million].
The Leisure industry group PBT of Rs.838 million in the second quarter of 2017/18 is a decrease of 39 per cent over the second quarter of the previous financial year [2016/17 Q2: Rs.1.36 billion].
The Property industry group PBT of Rs.57 million in the second quarter of 2017/18 is an increase of 10 per cent over the second quarter of the previous financial year [2016/17 Q2: Rs.52 million].
The increase in profitability is mainly attributable to the higher rental income received from the property businesses.
The Consumer Foods and Retail industry group PBT of Rs 1.12 billion in the second quarter of 2017/18 is a decrease of 30 per cent against the second quarter of the previous financial year [2016/17 Q2: Rs.1.60 billion].
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