Friday 25 July 2014

Sri Lanka's John Keells Holdings net up 35-pct

July 24, 2014 (LBO) - Profits at Sri Lanka's John Keells Holdings rose 35 percent to 2.14 billion rupees, in the June 2014 from a year earlier helped by 1.9 billion rupees in net interest income, interim accounts showed.

The firm reported earnings of 2.12 rupees per share for the quarter.

Revenues rose 7 percent to 21.2 billion rupees, cost of sales rose 8 percent to 15.9 billion rupees allowing gross profits to grow 12 percent to 1.5 billion rupees.

Transportation which has containers and bunkering reported earnings of 484 million rupees in the quarter down from 703 million rupees, profits from leisure rose to 582 million rupees up from 394 million rupees.

Property brought in 199 million rupees, up from 125 million rupees and profits from consumer foods and retail rose 337 million rupees up from 184 million rupees.

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