Friday 14 November 2014

John Keells Hotels Plc September quarter profits up 38-pct

Nov 14, 2014 (LBO) - Profits at Sri Lanka's John Keells Hotel PLC, grew 38 percent from a year earlier to 342 million rupees the September 2014 quarter, the interim report of the company shows.

The company reported earnings of 0.24 rupees per share. In the year to September it reported earnings of 0.32 rupees per share.

The company revenues rose 5 percent to 2.6 billion rupees and cost of sales rose 3 percent to 933 million rupees. The company grew gross profit 6 percent to 1.7 billion rupees.

Other operating income enhances to 364 million rupees, from 343 million rupees a year earlier.

Profit from Sri Lanka JKH property increase to 133 million rupees from 20 million rupees a year earlier while Maldives hotels shows a decrease to 210 million rupees from 229 million rupees.


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