JKH sees improved financial performance

Sri Lanka’s John Keells Holdings group’s Profit before Tax during the financial year 2011 and 2012 has increased by 21% over the previous year to stand at Rs. 12.91 billion.

During the previous year, in rupee terms the Profit before Tax of the group has stood at Rs.10.63 billion.

The Group’s revenue during the financial year 2011 / 2012 has increased by 27% to stand at Rs. 76.70 billion.

JKH says its recurring profit attributable to equity holders of the parent increased by 40% to Rs. 8.36 billion during the reference year.

Its Net cash flow from operating activities has increased by 94% to figure a sum of Rs. 16.48 billion.

Return on Capital Employed by the firm has been at 14.9% compared to 14.7% recorded in the previous year.

JKH’s Return on Equity during the 2011/2012 financial year has been 15% compared to 15.1% recorded in the previous year.

The Company says, it continues to maintain a strong balance sheet and it is evident by a debt to equity of 25.1%, a net debt to equity of 10.7%, debt to total assets of 15% and an interest cover of 20.2 times compared to previous years 14.4 times.

Meanwhile, sector wise, JKH’s transportation business has achieved a Profit after Tax of Rs. 3.27 billion, its leisure sector has achieved a Profit after Tax of Rs. 3.71 billion and the group’s property sector has earned a Profit after Tax of Rs. 930 million.

The Company’s Consumer Foods and Retail sector has earned a Profit after Tax of Rs. 2.38 billion during the financial year 2011/ 2012.

JKH’s financial services sector has achieved a PAT of Rs. 1.1 billion during the year under review while its information technology business has brought in a PAT of Rs. 64 million.

The Groups other businesses including the Plantation sector have earned a Profit after Tax of Rs. 146 million, during the year under review.

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