JKH Q Results

http://www.cse.lk/cmt/upload_report_file/508_1337767749.pdf

Consolidated cash flow statement is healthy and Company perfomances are satisfactory.

But when we look at Net Asset Value and PER Can we justify the current market price ?

now the marekt price is moving not as per the company performances ne..but in long run ..this company will never fail due to their strength..

can the continue with their latest quarter results or better it?

Even if they can continue their current performance it would be really worth to buy JKH, isn't it?

Premier bluechip conglomerate John Keells Holdings, which enjoys the top position on the Colombo Stock Exchange with a market capitalisation of Rs. 166,474,648,200 (8.83 percent of total market cap), has reported 22 percent increase in net profits amounting to Rs. 9.06 billion for the 2011/12 financial year.

Group revenue increased by 27 per cent to Rs. 76.70 billion and profit before tax (PBT) reached Rs. 12.91 billion, a 21 per cent increase over the previous year, the diversified group said in a statement.

Recurring Group PBT increased by 37 per cent to Rs. 11.50 billion and recurring profit attributable to equity holders of the parent increased by 40 per cent to Rs. 8.36 billion.

Net cash flow from operating activities increased by 94 per cent to Rs. 16.48 billion.

Return on Capital Employed (ROCE) was 14.9 per cent compared to 14.7 per cent in the previous year while return on Equity (ROE) was 15.0 per cent compared to 15.1 per cent in the previous year.

Diluted earnings per share increased by 18 per cent to Rs. 11.49 and cash earnings per share increased by 30 per cent to Rs. 14.68. The carbon footprint per one million rupees of revenue decreased by 11 per cent from 1.08 MT to 0.96 MT.

"The Group continues to maintain a strong balance sheet. This strength is evidenced by a debt to equity of 25.1 per cent, a net debt (cash) to equity of (10.7) per cent, debt to total assets of 15.0 per cent and an interest cover of 20.2 times (previous year 14.4 times)," the groups said.

"The Transportation industry group maintained its growth momentum having achieved revenues of Rs. 17.38 billion and a PAT of Rs. 3.27 billion, contributing 23 per cent and 30 per cent respectively to Group revenue and PAT. The 2011/12 PAT increased by 18 per cent over the previous year.

"The Leisure industry group reported revenues of Rs. 17.42 billion and a PAT of Rs. 3.71 billion, contributing 23 per cent and 34 per cent respectively to the Group revenue and PAT. With a PAT growth of 60 per cent over the previous year, the Leisure industry group was the largest contributor to the 2011/12 JKH Group PAT.

"The Property industry group with a revenue of Rs. 3.79 billion and a PAT of Rs. 930 million contributed 5 per cent and 8 per cent respectively to total Group revenue and PAT. The 2011/12 PAT increased by 19 per cent over the previous year.

"Consumer Foods and Retail (CF&R) recorded revenues of Rs. 22.02 billion and a PAT of Rs. 2.38 billion, contributing 29 per cent and 21 per cent respectively to Group revenue and PAT. The 2011/12 PAT, which includes a Rs. 1.11 billion investment property revaluation surplus, increased by 932 per cent over the previous year. Recurring PAT increased by 451 per cent.

"The Financial Services industry group, with revenues of Rs. 7.93 billion and a PAT of Rs. 1.11 billion contributed 10 per cent to both the Group revenue and PAT. The 2011/12 PAT increased by 29 per cent over the previous year.

"The Information Technology industry group posted revenues of Rs. 5.93 billion and a PAT of Rs. 64 million, contributing 8 per cent and 0.6 per cent to Group revenue and PAT respectively. The 2011/12 PAT was a turnaround from the loss made in the previous year.

"The Plantation Services sector reported revenues of Rs. 2.22 billion and a PAT of Rs. 146 million, contributing 3 per cent and 1.3 per cent respectively to Group revenue and PAT. In 2011/12, the PAT declined by 49 per cent.

"In addition to the Plantation Services sector, Others comprise of the holding company, other investments and land owning companies. These have limited external revenues. Overall, Other, including Plantation Services, reported revenues of Rs. 2.23 billion (primarily from Plantation Services) and a loss after tax of Rs. 392 million (primarily as a result of the exchange loss on the IFC loan following the depreciation of the Rupee against the US Dollar and an increase in the tax expense at the holding company)," JKH said.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=52625

Hm Looks like Lisa Captain's name disappered from the top 20 list..
Mr Captain also shed (apart from Paints & General Industries Limited stake) considerable amount of shares.

Public share holdings
The percentage of shares held by the public as at 31 March 2012 was 76.33% (31 December 2011 – 74.60%).

Looks like they sold most of their share to the open market and small investors.