May 27, 2014 (LBO) - Profits at Sri Lanka's John Keells Holdings, fell 9 percent from a year earlier to 4.6 billion rupees the March 2014 quarter, with last year's profits boosted by fair value gains.
The group reported earnings of 4.63 rupees per share. In the year to March it reported earnings of 12.33 rupees per share.
Group revenues rose 5 percent to 24.2 billion rupees and cost of sales rose 4 percent to 17.3 billion rupees. The group grew gross profit 7 percent to 6.9 billion rupees.
Other operating income rose sharply to 1.54 billion rupees, from 513 billion rupees a year earlier. Fair value gains from investment property fell to 470 million rupees from 2.0 billion rupees a year earlier.
Profits from shipping and bunkering fell to 602 million rupees from 742 million rupees, and leisure was flat at 1.9 billion rupees.
Profits from property fell to 840 million rupees 1.25 billion rupees and consumer and retail fell to 479 million rupees and 1.43 billion rupees.
The group reported earnings of 4.63 rupees per share. In the year to March it reported earnings of 12.33 rupees per share.
Group revenues rose 5 percent to 24.2 billion rupees and cost of sales rose 4 percent to 17.3 billion rupees. The group grew gross profit 7 percent to 6.9 billion rupees.
Other operating income rose sharply to 1.54 billion rupees, from 513 billion rupees a year earlier. Fair value gains from investment property fell to 470 million rupees from 2.0 billion rupees a year earlier.
Profits from shipping and bunkering fell to 602 million rupees from 742 million rupees, and leisure was flat at 1.9 billion rupees.
Profits from property fell to 840 million rupees 1.25 billion rupees and consumer and retail fell to 479 million rupees and 1.43 billion rupees.
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