Ceylon FT: John Keells Hotels PLC, which operates luxury resorts in Sri Lanka and the Maldives, reported a net profit of Rs 599.4 million for the nine months ended December 2013, up 59% from a year ago, interim financial results filed with stock exchange showed.
Revenue grew 20% during the nine-month period to Rs 7.5 billion with gross profit amounting to Rs 4.8 billion, up 18% from a year ago.
Administrative expenses grew 9% to Rs 2.5 billion and other operating expenses grew 21% to Rs 1 billion.
Net finance costs fell 17% to Rs 273.7 million.
Earnings per share stood at 41 cents, compared with 26 cents a year ago. Net assets per share amounted to Rs 7.03, up from Rs 6.79 a year ago.
The company operates several hotels under the cinnamon and Chaaya brands in Sri Lanka and the Maldives.
John Keells Holdings PLC holds an 80.32% stake in the company, followed by the Employees' Provident Fund at 5.39% and Sri Lanka Insurance Corporation Ltd - Life Fund at 5%.
Revenue grew 20% during the nine-month period to Rs 7.5 billion with gross profit amounting to Rs 4.8 billion, up 18% from a year ago.
Administrative expenses grew 9% to Rs 2.5 billion and other operating expenses grew 21% to Rs 1 billion.
Net finance costs fell 17% to Rs 273.7 million.
Earnings per share stood at 41 cents, compared with 26 cents a year ago. Net assets per share amounted to Rs 7.03, up from Rs 6.79 a year ago.
The company operates several hotels under the cinnamon and Chaaya brands in Sri Lanka and the Maldives.
John Keells Holdings PLC holds an 80.32% stake in the company, followed by the Employees' Provident Fund at 5.39% and Sri Lanka Insurance Corporation Ltd - Life Fund at 5%.
www.ceylontoday.lk
No comments:
Post a Comment