John Keells Holdings Group profit before tax (PBT) in the third quarter of 2015/16 at Rs.5.30 billion, is 1 per cent below the PBT of Rs.5.37 billion, which included capital gains of Rs.610 million, recorded in the corresponding period of the previous year.
Chairman Susantha Ratnayake said Group profit before tax (PBT) for the first nine months of the financial year 2015/16 at Rs.13.13 billion, is an increase of 9 per cent over the PBT of Rs.12.04 billion, which included capital gains of Rs.999 million, recorded in the same period of the previous financial year.
Excluding the impact of the aforementioned capital gains, the adjusted Group PBT for the quarter and the first nine months are an increase of 11 per cent and 19 per cent, respectively, above the corresponding periods in the previous financial year, Chairman Susantha Ratnayake said.
Though the profit attributable to shareholders for the quarter at Rs.3.90 billion, is a decrease of 10 per cent from the Rs.4.33 billion recorded in the corresponding period in the previous financial year, the profit attributable to shareholders for the first nine months at Rs.9.55 billion is an increase of 5 per cent over the corresponding Rs.9.13 billion recorded in the same period of the previous financial year.
The Property industry group PBT of Rs.558 million in the third quarter of 2015/16 is an increase of 48 per cent over the third quarter of the previous financial year [2014/15 Q3: Rs.376 million]. The improved performance is mainly on account of the revenue recognised, post the final tranches received as at 31 December 2015, at the "7th Sense" residential development project. The construction of Cinnamon Life is in progress with pre-sales of both the residential and commercial space continuing to be encouraging. However, the project has encountered some unforeseen delays and as such, the construction of Cinnamon Life is now expected to be completed in the calendar year 2019.
Excluding the impact of the aforementioned capital gain, the adjusted profit attributable to shareholders for the quarter and the first nine months are an increase of 5 per cent and 17 per cent, respectively, above the corresponding periods in the previous financial year.
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Chairman Susantha Ratnayake said Group profit before tax (PBT) for the first nine months of the financial year 2015/16 at Rs.13.13 billion, is an increase of 9 per cent over the PBT of Rs.12.04 billion, which included capital gains of Rs.999 million, recorded in the same period of the previous financial year.
Excluding the impact of the aforementioned capital gains, the adjusted Group PBT for the quarter and the first nine months are an increase of 11 per cent and 19 per cent, respectively, above the corresponding periods in the previous financial year, Chairman Susantha Ratnayake said.
Though the profit attributable to shareholders for the quarter at Rs.3.90 billion, is a decrease of 10 per cent from the Rs.4.33 billion recorded in the corresponding period in the previous financial year, the profit attributable to shareholders for the first nine months at Rs.9.55 billion is an increase of 5 per cent over the corresponding Rs.9.13 billion recorded in the same period of the previous financial year.
The Property industry group PBT of Rs.558 million in the third quarter of 2015/16 is an increase of 48 per cent over the third quarter of the previous financial year [2014/15 Q3: Rs.376 million]. The improved performance is mainly on account of the revenue recognised, post the final tranches received as at 31 December 2015, at the "7th Sense" residential development project. The construction of Cinnamon Life is in progress with pre-sales of both the residential and commercial space continuing to be encouraging. However, the project has encountered some unforeseen delays and as such, the construction of Cinnamon Life is now expected to be completed in the calendar year 2019.
Excluding the impact of the aforementioned capital gain, the adjusted profit attributable to shareholders for the quarter and the first nine months are an increase of 5 per cent and 17 per cent, respectively, above the corresponding periods in the previous financial year.
www.dailynews.lk
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