John Keells Holdings PLC, the premier blue chip quoted on the Colombo bourse and the biggest market capitalized company listed on the CSE has posted record results for the year ended March 31, 2017, and announced a final dividend of two rupees per share bringing up total dividend payments for the year under review to six rupees a share.
"While this is down from the seven-rupee per share dividend paid the previous year under special circumstance of distributing the capital profit earned from the sale of the general insurance business of Union Assurance, we have increased our dividend payment from the usual Rs. 3.50 per share to Rs. 6 a share," a company spokesman said.
"This together with the share split in June last year when every seven existing shares were subdivided into eight shares has substantially increased our dividend pay out."
In the 2016/17 results published on Friday, JKH said its group profit before tax was up 19% to Rs. 22.8 billion and the after tax profit was up 15% Rs. 18.1 billion. Group revenue too had topped Rs. 106 billion.
The year’s results translated to an earning per share of Rs. 11.85, up from Rs. 10.54 the previous year. Net assets per share had grown Rs. 128.75 from Rs. 111.70.
Against a stated capital of Rs. 62.79 billion, JKH had total assets of Rs. 277.27 billion and liabilities of Rs. 82.94 billion as at balance sheet date.
Major business segments including consumer foods and retail, leisure and transportation have grown their profits while the property sector had seen both a revenue and profit decline according to the year’s audited figures.
The country’s largest listed conglomerate quoted on the Colombo Stock Exchange, the group is into managing hotels and resorts in Sri Lanka and the Maldives, providing port, marine fuel and logistics services, IT, manufacturing food and beverages and running a chain of supermarkets.
Its business portfolio includes tea and rubber broking, stock broking, life insurance and banking and real estate with the company claiming on its website that "we have made our presence felt in virtually every major sphere of the economy."
"Since our modest beginnings as a produce and exchange broker in the early 1870s, we have been known to constantly re-invent, re-align and reposition ourselves in exploring new avenues of growth."
Mr. Sohli Captain with 10.8% of JKH, up from 9.9% a year earlier is the biggest individual shareholder. Captain-controlled Paints and General Industries is the third larges shareholder with 6.9%, down from 8.1% a year earlier. Melstacorp with 3.7% is number five in the Top Twenty list while the ETF with 1.7%, up from 1.5% a year earlier stands at No. 11.
JKH is the preferred stock of foreign investors and the majority of its large shareholders are foreign funds. The company’s executive directors too are substantial share holders though not on the Top 20 list.
"While this is down from the seven-rupee per share dividend paid the previous year under special circumstance of distributing the capital profit earned from the sale of the general insurance business of Union Assurance, we have increased our dividend payment from the usual Rs. 3.50 per share to Rs. 6 a share," a company spokesman said.
"This together with the share split in June last year when every seven existing shares were subdivided into eight shares has substantially increased our dividend pay out."
In the 2016/17 results published on Friday, JKH said its group profit before tax was up 19% to Rs. 22.8 billion and the after tax profit was up 15% Rs. 18.1 billion. Group revenue too had topped Rs. 106 billion.
The year’s results translated to an earning per share of Rs. 11.85, up from Rs. 10.54 the previous year. Net assets per share had grown Rs. 128.75 from Rs. 111.70.
Against a stated capital of Rs. 62.79 billion, JKH had total assets of Rs. 277.27 billion and liabilities of Rs. 82.94 billion as at balance sheet date.
Major business segments including consumer foods and retail, leisure and transportation have grown their profits while the property sector had seen both a revenue and profit decline according to the year’s audited figures.
The country’s largest listed conglomerate quoted on the Colombo Stock Exchange, the group is into managing hotels and resorts in Sri Lanka and the Maldives, providing port, marine fuel and logistics services, IT, manufacturing food and beverages and running a chain of supermarkets.
Its business portfolio includes tea and rubber broking, stock broking, life insurance and banking and real estate with the company claiming on its website that "we have made our presence felt in virtually every major sphere of the economy."
"Since our modest beginnings as a produce and exchange broker in the early 1870s, we have been known to constantly re-invent, re-align and reposition ourselves in exploring new avenues of growth."
Mr. Sohli Captain with 10.8% of JKH, up from 9.9% a year earlier is the biggest individual shareholder. Captain-controlled Paints and General Industries is the third larges shareholder with 6.9%, down from 8.1% a year earlier. Melstacorp with 3.7% is number five in the Top Twenty list while the ETF with 1.7%, up from 1.5% a year earlier stands at No. 11.
JKH is the preferred stock of foreign investors and the majority of its large shareholders are foreign funds. The company’s executive directors too are substantial share holders though not on the Top 20 list.
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