JOHN KEELLS HOLDINGS PLC (JKH.N0000)

soileconomy · **151** Re: JOHN KEELLS HOLDINGS PLC (JKH.N0000) Fri Aug 16, 2019 7:31 am

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Can. Witness lot of transactions .

Teller · **152** Re: JOHN KEELLS HOLDINGS PLC (JKH.N0000) Fri Aug 16, 2019 11:12 am

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Fundementally JKH no value 175 LKR

Bakka1988 · **153** Re: JOHN KEELLS HOLDINGS PLC (JKH.N0000) Sat Aug 17, 2019 7:38 pm

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Fundamentals are not relate every time taller

Rare · **154** Re: JOHN KEELLS HOLDINGS PLC (JKH.N0000) Sun Aug 18, 2019 10:14 am

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Are you sure target 175?

Bakka1988 · **155** Re: JOHN KEELLS HOLDINGS PLC (JKH.N0000) Mon Aug 19, 2019 3:38 pm

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Lot of transection at Rs 150

soileconomy · **156** Re: JOHN KEELLS HOLDINGS PLC (JKH.N0000) Tue Aug 20, 2019 7:46 am

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JKH is the number one share which takes future earnings to fly early.
It may expects some kind of political development

mahasona2 · **157** Re: JOHN KEELLS HOLDINGS PLC (JKH.N0000) Tue Aug 20, 2019 8:46 am

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Teller wrote:Fundementally JKH no value 175 LKR

U are a lunatic to say JKH has no value of 175

Fortunately some of your prediction have come true But u are a mad lunatic

glad · **158** Re: JOHN KEELLS HOLDINGS PLC (JKH.N0000) Tue Aug 20, 2019 9:06 am

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How can anyone be 'mad lunatic'?

Bakka1988 · **159** Re: JOHN KEELLS HOLDINGS PLC (JKH.N0000) Tue Aug 20, 2019 11:22 am

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He is having lunatic

Bakka1988 · **160** Re: JOHN KEELLS HOLDINGS PLC (JKH.N0000) Tue Aug 20, 2019 3:24 pm

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අද රුපියල් 152 ටත් විශාල ප්‍රමාණයක් හුවමාරු විය

nuwanmja · **161** Re: JOHN KEELLS HOLDINGS PLC (JKH.N0000) Wed Aug 21, 2019 11:54 am

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JKH earnings decreased due to easter sunday attack.their lesuire sector get hit. but SL investors positive sentiment with JKH rather than any other share. Melstacorp also hunting this. higher probability to increase price level little by little.

ThilinaM · **162** Re: JOHN KEELLS HOLDINGS PLC (JKH.N0000) Wed Aug 21, 2019 1:35 pm

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renuka holdings cash and cash equalants per share is rs 18. share trade at 17 rs. there is cash in drawer 18 rs per share please check balance sheet and divide by number of shares . i cant post new article thats y im commenting in this

ThilinaM · **163** Re: JOHN KEELLS HOLDINGS PLC (JKH.N0000) Wed Aug 21, 2019 1:36 pm

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some one tell me why?????? renuka holdings cash and cash equalants per share is rs 18. share trade at 17 rs. there is cash in drawer 18 rs per share please check balance sheet and divide by number of shares . i cant post new article thats y im commenting in this

Promoney · **164** Re: JOHN KEELLS HOLDINGS PLC (JKH.N0000) Wed Aug 21, 2019 2:03 pm

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Even 100/- per share cash will not matter if its borrowed. Thats why Net Assets Per Share is used as a common gauge.

ThilinaM · **165** Re: JOHN KEELLS HOLDINGS PLC (JKH.N0000) Wed Aug 21, 2019 2:09 pm

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Renuka holdings have 56 net assets per share. if they give dividend they can give a gignatic dividend more than share price 18 rs per share?

ThilinaM · **166** Re: JOHN KEELLS HOLDINGS PLC (JKH.N0000) Wed Aug 21, 2019 2:16 pm

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after buiding renuka tower there EPS should increase by around 5 rs per share. also sena yaddehige seems interested in this company. i found out he is aquiring bit by bit. its still a small business but if this business handled by efficient management this is next JKH . RHL is a sleeping giant.

soileconomy · **167** Re: JOHN KEELLS HOLDINGS PLC (JKH.N0000) Thu Aug 22, 2019 7:27 am

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JKH will resume most of its projects which has been suspended ,with new political developments
Some institutional investors and HNWI s are anticipating new political developments

Last edited by soileconomy on Thu Aug 22, 2019 7:30 am; edited 1 time in total (Reason for editing : .)

Rare · **168** Re: JOHN KEELLS HOLDINGS PLC (JKH.N0000) Fri Sep 13, 2019 11:10 am

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It's been a range-bound stock.

ChooBoy · **169** Re: JOHN KEELLS HOLDINGS PLC (JKH.N0000) Tue Oct 15, 2019 11:05 am

We are waiting for elections – JKH Chairman

mihiri84 · **170** greate job Fri Oct 18, 2019 9:41 pm

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sheildskye wrote:John Keells Holdings is #rockNgold #Solid.

https://magazine.aboutceylon.com/

Code:: <a href="https://magazine.aboutceylon.com">Visit other article</a>

Quibit · **171** Re: JOHN KEELLS HOLDINGS PLC (JKH.N0000) Sat Oct 19, 2019 9:12 pm

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Cinnamon Life Office Tower to open early 2020
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John Keells Properties this week announced a major milestone in Colombo’s landmark development project Cinnamon Life – that the office tower of the complex will officially open for business in early 2020.

In May the real estate developer announced the completion of structural work on all towers of its skyline-transforming development; the office tower is the first to be ready for occupation, with space already being snapped up by top corporates in the city.
“Cinnamon Life is the largest real estate development project in modern Sri Lankan history and considered a significant vote of confidence in Colombo’s trajectory forward as an economic and tourist hub. The integrated hotel and mixed-use development beckons a new era of work and play in the city, with the office tower, a 30-storey A-grade workspace. It is linked to an 800-roomed five-star Cinnamon Hotel and a mall spread across five levels, housing iconic international brands and exclusive dining experiences,” the company said in a media release.
In addition, the development will be home to a premium residential abode with ‘The Residence’ and ‘The Suites’. The residential towers are expected to attract expats working and living in Colombo, with the commute home only a few brisk steps away from their offices at Cinnamon Life. Moreover, the inflow of MICE travellers, particularly from India, is expected to bring in further demand for short to medium term rentals at the residential towers.
Those based in The Offices at Cinnamon Life can entertain clients at the hotel, with the availability of banqueting and conference facilities. Banquet style seating capacity is available for 3300+ individuals and conference style seating can host 5000+ individuals at any given time across the hotel’s five conference venues- making these some of the largest such spaces in the city.
“We’re very pleased to announce that The Offices at Cinnamon Life will soon be ready for occupation,” says Suresh Rajendra, President of John Keells Properties. This is the most modern and iconic dedicated network of workspaces in the city, underpinned by its exclusive address in central Colombo. “This tower will be the hub and driver of innovation and vibrancy in Sri Lanka’s corporate arena. We hope to create an environment for the professionals working in this tower to have everything they need to live the modern, progressive lifestyle they aspire to at their fingertips.”

http://www.sundaytimes.lk/191006/business-times/cinnamon-life-office-tower-to-open-early-2020-371475.html

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Megapolis and Western Development Minister Champika Ranawaka gestures towards a replica of the Port City while its Project Manager Nihal Fernando looks on

Current value of bare land is Rs. 506 b with each perch valued at Rs. 7 m
Value set to rise to a trillion within 2-3 years with infrastructure development
All 269 ha of reclaimed land for Port City vested with UDA this week

The reclaimed land that makes up the Port City Colombo would be worth more than a trillion rupees within the next two to three years, Minister of Megapolis and Western Development Champika Ranawaka said yesterday.

He said at the present market value of the bare land is valued at Rs. 506 billion but with infrastructure development, such as roads, sewage, electricity and water supplies, the price would hit a trillion.

“We can only sell 179 hectares of the land and if you take the present value of a perch at Rs. 7 million, it will come to over Rs. 500 billion but this price will go up with the infrastructure development,” the Minister said at a press briefing.

Ranawaka said the Urban Development Authority (UDA) which up to 2015 had been giving out State land free of change will be able to contribute significantly to the economy.

“With the Port City, the asset base of the UDA will become one of the biggest for a State institution after the State banks,” he said.

Earlier this week, according to an agreement reached between the Government and CHEC Port City Colombo, all 269 hectares of reclaimed land was transferred to the UDA with the Government retaining full ownership of the land, with 91 acres for public use, 62 acres of commercial use, and 116 acres to be leased by the UDA to CHEC Port City Colombo, on a 99-year lease for further development.

Ranawaka said that the revised Port City agreement has done away with some of the clause that were detrimental to the country and would benefit Sri Lanka greatly

“There were fears that the Port City would be a place for casinos, car races and brothel houses, but none of that will happen. The car racing track that was mooted in the original agreement has been replaced with a boulevard where members of the public can go to spend their leisure time,” the Minister said.

The three immediate investments will be on the setting up of an international school, international hospital and an international convention hall. “We are calling for international bids from investors for these projects,” he said.

Ranawaka said that the maintenance work on the Port City will be done by a private company and the Government would not be burdened with maintenance work while the feasibility studies will be strictly implemented to ensure that the environment is not harmed in any way.

“Colombo is one of the cleanest cities in South Asia, which is a big advantage. This will attack many investors,” he said.

fireshelter · **173** JKH posts mixed performance in 2Q Sun Nov 03, 2019 10:51 pm

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Consumer Foods and Retail industry groups continue strong growth momentum; Easter Sunday impact to Leisure business affects Group performance
Says forward bookings for the Sri Lankan hotels have witnessed an upward trend; expects occupancy in the peak season to be in line with the previous year
Adds fourth resort property to Maldivian hotel portfolio

Premier blue chip John Keells Holdings (JKH) has faced a challenging second quarter with its overall performance showing mixed results with some sectors improving and others lagging. JKH reported a 3% growth in Group revenue during the second quarter of the year of Rs. 33.7 billion. First half Group revenue was up 4% to Rs. 65.4 billion.

Results from operating activities was up 14% to Rs. 1.2 billion in the second quarter and down 5% to Rs. 1.69 billion in the first half.

Group EBITDA at Rs. 4.80 billion in the 2Q was a dip of 25% over FY2019. The cumulative EBITDA for the first half of FY20 was Rs. 8.50 billion, down by 21% from a year earlier.

Second quarter Group pre-tax profit was down 45% to Rs. 2.59 billion and for the first half, it was lower by 48% to Rs. 3.95 billion. JKH's bottom line was down 55% to Rs. 2.29 billion in the second quarter and by an equal percentage to Rs. 3.28 billion in the first half.

JKH said the profit attributable to equity holders in the second quarter to 2018/19 includes a recognition of a deferred tax asset at Union Assurance PLC. Profits for the quarter were mainly impacted by the Easter Sunday impacts on the Sri Lankan Leisure businesses and the decline in finance income and exchange gains at the holding company.

JKH Chairman Krishan Balendra said the performance of the Consumer Foods, Retail, Leisure, and Property industry groups continued its growth momentum from the first quarter despite the disruptions post the Easter Sunday terror attacks.

“The Group’s year-on-year performance for the quarter was impacted by the downturn in the Group’s Sri Lankan Leisure business which continued to be significantly impacted post the Easter Sunday terror attacks, lower finance income as a result of the deployment of cash in new investments, and lower exchange gains recorded at the Holding Company on its foreign currency denominated cash holdings,” he added.

JKH said the Retail industry group recorded a robust revenue growth of 21% which was driven by a strong performance in the Supermarkets business, also driven by a notable contribution from new outlets and strong growth in customer footfall. Retail recorded an EBITDA of Rs. 1.02 billion compared with the adjusted EBITDA of Rs. 431 million in the same period last year. Two new outlets were opened during the quarter, increasing the total store count to 100 as at 30 September.

The Group’s Sri Lankan Leisure business continued to be significantly impacted by the Easter Sunday terror attacks in April. The quarter performance was also impacted by the partial closure of Cinnamon Dhonveli Maldives for refurbishment and start-up costs related to Cinnamon Hakuraa Huraa Maldives and the Group’s new resort, Cinnamon Velifushi Maldives. EBITDA for the second quarter of 2019/20 was Rs. 134 million, compared to the Rs. 1.14 billion (adjusted) recorded in 2018/19 Q2. However, the Group is encouraged that the forward bookings for the Sri Lankan hotels have witnessed an upward trend and expect occupancy in the peak season to be in line with the previous year, albeit at a moderately lower room rate.

The City Hotels sector and the Sri Lankan Resorts segment recorded a decline in both occupancies and average room rates. However, despite the challenging operating environment, the City Hotels sector maintained its fair share of available rooms in the five-star category in the quarter under review.

During the quarter under review, the Group added a fourth resort property to its Maldivian hotel portfolio, Cinnamon Velifushi Maldives. The hotel was handed over to Cinnamon on an operating lease, in line with the Group’s asset light investment strategy, and will commence operations in October. Cinnamon Velifushi Maldives, consisting of 90 rooms, is positioned as a five-star deluxe resort. Initial bookings for the resort are above expectations. With the completion of the partial refurbishment of Cinnamon Dhonveli Maldives in November, and the completion of the reconstruction of Cinnamon Hakuraa Huraa Maldives in December, the Group will have the full complement of all its four Maldivian hotels operational from the fourth quarter of this financial year, with a new and premium product offering. The newly re-constructed Cinnamon Bentota Beach hotel in the Sri Lankan resorts segment will also commence operations in December, as planned. This flagship Cinnamon property will be positioned as the epitome of luxury in the Group’s leisure portfolio.

In the Property Industry Group, the quarter under review marked the first tranche of revenue recognition for the ‘Tri-Zen’ residential development project. The revenue recognition of the project will ramp up over the next few quarters as the project progresses. Whilst sales for the previous quarter were impacted by the Easter Sunday terror attacks in April, the sales momentum is now improving, where interest has reverted to pre-incident levels with both the months of August and September recording encouraging sales.

The installation of external facades, mechanical and electrical services and the interior works are nearing completion for the Cinnamon Life Residential and Office Towers, for handover from April 2020 onwards. The full completion of the project is on track for March 2021.

The Financial Services industry group recorded a marginal drop in EBITDA (2019/20 Q1: Rs.563 million versus 2018/19 Q1: Rs.564 million), while Other, including the Information Technology and Plantation Services sectors, recorded an EBITDA of Rs. 1.18 billion in the second quarter of 2019/20 over the adjusted EBITDA for the second quarter of the previous financial year (2018/19 Q1: Rs. 2.44 billion), as a result of the decline in finance income as a result of the deployment of cash in new investments and lower exchange gains recorded at the holding company on its foreign currency denominated cash holdings.

fireshelter · **174** JKH posts mixed performance in 2Q Sun Nov 03, 2019 10:52 pm

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Consumer Foods and Retail industry groups continue strong growth momentum; Easter Sunday impact to Leisure business affects Group performance
Says forward bookings for the Sri Lankan hotels have witnessed an upward trend; expects occupancy in the peak season to be in line with the previous year
Adds fourth resort property to Maldivian hotel portfolio

Premier blue chip John Keells Holdings (JKH) has faced a challenging second quarter with its overall performance showing mixed results with some sectors improving and others lagging. JKH reported a 3% growth in Group revenue during the second quarter of the year of Rs. 33.7 billion. First half Group revenue was up 4% to Rs. 65.4 billion.

Results from operating activities was up 14% to Rs. 1.2 billion in the second quarter and down 5% to Rs. 1.69 billion in the first half.

Group EBITDA at Rs. 4.80 billion in the 2Q was a dip of 25% over FY2019. The cumulative EBITDA for the first half of FY20 was Rs. 8.50 billion, down by 21% from a year earlier.

Second quarter Group pre-tax profit was down 45% to Rs. 2.59 billion and for the first half, it was lower by 48% to Rs. 3.95 billion. JKH's bottom line was down 55% to Rs. 2.29 billion in the second quarter and by an equal percentage to Rs. 3.28 billion in the first half.

JKH said the profit attributable to equity holders in the second quarter to 2018/19 includes a recognition of a deferred tax asset at Union Assurance PLC. Profits for the quarter were mainly impacted by the Easter Sunday impacts on the Sri Lankan Leisure businesses and the decline in finance income and exchange gains at the holding company.

JKH Chairman Krishan Balendra said the performance of the Consumer Foods, Retail, Leisure, and Property industry groups continued its growth momentum from the first quarter despite the disruptions post the Easter Sunday terror attacks.

“The Group’s year-on-year performance for the quarter was impacted by the downturn in the Group’s Sri Lankan Leisure business which continued to be significantly impacted post the Easter Sunday terror attacks, lower finance income as a result of the deployment of cash in new investments, and lower exchange gains recorded at the Holding Company on its foreign currency denominated cash holdings,” he added.

JKH said the Retail industry group recorded a robust revenue growth of 21% which was driven by a strong performance in the Supermarkets business, also driven by a notable contribution from new outlets and strong growth in customer footfall. Retail recorded an EBITDA of Rs. 1.02 billion compared with the adjusted EBITDA of Rs. 431 million in the same period last year. Two new outlets were opened during the quarter, increasing the total store count to 100 as at 30 September.

The Group’s Sri Lankan Leisure business continued to be significantly impacted by the Easter Sunday terror attacks in April. The quarter performance was also impacted by the partial closure of Cinnamon Dhonveli Maldives for refurbishment and start-up costs related to Cinnamon Hakuraa Huraa Maldives and the Group’s new resort, Cinnamon Velifushi Maldives. EBITDA for the second quarter of 2019/20 was Rs. 134 million, compared to the Rs. 1.14 billion (adjusted) recorded in 2018/19 Q2. However, the Group is encouraged that the forward bookings for the Sri Lankan hotels have witnessed an upward trend and expect occupancy in the peak season to be in line with the previous year, albeit at a moderately lower room rate.

The City Hotels sector and the Sri Lankan Resorts segment recorded a decline in both occupancies and average room rates. However, despite the challenging operating environment, the City Hotels sector maintained its fair share of available rooms in the five-star category in the quarter under review.

During the quarter under review, the Group added a fourth resort property to its Maldivian hotel portfolio, Cinnamon Velifushi Maldives. The hotel was handed over to Cinnamon on an operating lease, in line with the Group’s asset light investment strategy, and will commence operations in October. Cinnamon Velifushi Maldives, consisting of 90 rooms, is positioned as a five-star deluxe resort. Initial bookings for the resort are above expectations. With the completion of the partial refurbishment of Cinnamon Dhonveli Maldives in November, and the completion of the reconstruction of Cinnamon Hakuraa Huraa Maldives in December, the Group will have the full complement of all its four Maldivian hotels operational from the fourth quarter of this financial year, with a new and premium product offering. The newly re-constructed Cinnamon Bentota Beach hotel in the Sri Lankan resorts segment will also commence operations in December, as planned. This flagship Cinnamon property will be positioned as the epitome of luxury in the Group’s leisure portfolio.

In the Property Industry Group, the quarter under review marked the first tranche of revenue recognition for the ‘Tri-Zen’ residential development project. The revenue recognition of the project will ramp up over the next few quarters as the project progresses. Whilst sales for the previous quarter were impacted by the Easter Sunday terror attacks in April, the sales momentum is now improving, where interest has reverted to pre-incident levels with both the months of August and September recording encouraging sales.

The installation of external facades, mechanical and electrical services and the interior works are nearing completion for the Cinnamon Life Residential and Office Towers, for handover from April 2020 onwards. The full completion of the project is on track for March 2021.

The Financial Services industry group recorded a marginal drop in EBITDA (2019/20 Q1: Rs.563 million versus 2018/19 Q1: Rs.564 million), while Other, including the Information Technology and Plantation Services sectors, recorded an EBITDA of Rs. 1.18 billion in the second quarter of 2019/20 over the adjusted EBITDA for the second quarter of the previous financial year (2018/19 Q1: Rs. 2.44 billion), as a result of the decline in finance income as a result of the deployment of cash in new investments and lower exchange gains recorded at the holding company on its foreign currency denominated cash holdings.

Quibit · **175** Re: JOHN KEELLS HOLDINGS PLC (JKH.N0000) Mon Nov 04, 2019 11:54 am

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Weak leisure sector hinders JKH 2Q earnings; consumer, retail segments gain momentum

The performance of Sri Lanka’s largest listed company, John Keells Holdings PLC (JKH) was hampered by its weak leisure sector operations hit by Easter Sunday attacks which dealt a crippling blow to the country’s booming tourism and hospitality industries.

JKH reported earnings of Rs.1.74 a share or Rs.2.29 billion for the three months ended September 30, 2019 (2Q20) compared to earnings of Rs.3.67 a share or Rs.5.10 billion reported for the same period last year.

The growth in revenues languished at 3.0 percent year-on-year (YoY) to Rs.33.7 billion. For the six months ended September 30, 2019, JKH reported earnings of Rs.2.49 a share or Rs.3.28 billion compared to Rs.5.25 a share or Rs.7.28 billion a year ago.

The revenues grew by 4.0 percent YoY to Rs.65.4 billion.

The JKH share ended flat at Rs.157 on Friday’s market close.

The diversified group’s performance was also impacted by lower finance income resulting from the deployment of cash in new investments and the lower exchange gains recorded by the holdings company on its foreign currency denominated cash holdings.

“The group’s year-on-year performance for the quarter was impacted by the downturn in the group’s Sri Lankan leisure business which continued to be significantly impacted post the Easter Sunday terror attacks,” JKH Chairman Krishan Balendra said in an earnings release.

The leisure sector earnings before interest tax depreciation and amortization (EBIDA) sank to Rs.134.3 million in the quarter under review from Rs.1.14 billion in the same period last year.
However, the group is seeing an upward trend in the forward bookings and thus Balendra expects occupancy in the peak season to be in line with the previous year, albeit at a moderately lower room rate.

“However, despite the challenging operating environment, the city hotels sector maintained its fair share of available rooms in the 5-star category in the quarter under review,” he added.
During the quarter under review, the group added its fourth resort property, Cinnamon Velifushi Maldives to its Maldivian hotel portfolio. In connection to the Sri Lankan hospitality sector, the group will commence operations of its newly constructed Cinnamon Bentota Beach in December.

Meanwhile, during 2Q20, JKH saw some strong growth in its consumer foods and retail segments with its beverage and frozen confectionery business gaining traction while the customer footfall increased in the group’s supermarket chain, which now
has 100 outlets.

“The beverage and frozen confectionery businesses recorded encouraging double-digit growth in July and August. However, adverse weather conditions in many parts of the country in the month of September hampered distribution resulting in a muted volume growth for both categories for the quarter,” Balendra stated.

The group’s transportation business, mainly represented by its ports and shipping operations and South Asia Gateway Terminals (SAGT), was impacted by an operational disruption in August. However, the group’s bunkering business under Lanka Marine Services (LMS) recorded strong growth in profits driven by improved margins.

The transportation business EBITDA for the quarter was Rs.1.12 billion, little changed from Rs.1.15 billion a year ago.

Meanwhile, the quarter under review saw the first tranche of revenue recognition from JKH’s ‘Tri-Zen’ residential development project. “Revenue recognition of the project will ramp up over the next few quarters as the project progresses,” Balendra added.

The financial services sector of the group, which mainly consists of Union Assurance PLC and Nations Trust Bank PLC, saw a marginal decrease in its EBITDA to Rs.563 million.

“The performance Union Assurance PLC recorded a marginal decline whilst the gross written premiums demonstrated growth.

“Nations Trust Bank PLC recorded an improvement in profitability as a result of focused efforts on collections and a lower impairment charge compared to the corresponding quarter of the previous year,” Balendra stated.

With no controlling shareholder, S.E. Captain held 10.9 percent of the issued shares of JKH as the single largest shareholder as at September 30, 2019 while Broga Hill Investments Ltd., a special purpose investment vehicle of Malaysia’s sovereign wealth fund Khazanah Nasional Berhad held 10.8 percent stake in JKH.

Melstacorp PLC, controlled by business tycoon Harry Jayawardena, also held 9.8 percent of JKH being the company’s third single largest shareholder.

God Father · **176** Re: JOHN KEELLS HOLDINGS PLC (JKH.N0000) Tue Nov 05, 2019 1:47 pm

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JOHN KEELLS HOLDINGS PLC (JKH.N0000) - Page 7 808ee410

Teller · **177** JKH profit down by 50% Wed Jan 29, 2020 5:53 pm

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Profits at Sri Lanka’s John Keells Holdings Plc fell 50 percent to 2.39 billion rupees in the December 2019 quarter from a year earlier, with a recovery in retail, consumer foods and bunkering, overshadowed by losses in hotels and lower interest income interim accounts showed.

John Keells Holdings reported earnings of 1.82 rupees per share for the quarter, and 3.46 rupees for the nine months on total profits of 4.31 rupees on total profits of 5.6 billion rupees, which were down 53 percent.

Revenues including insurance grew 2 percent to 37.4 billion rupees in the quarter from a year earlier, cost of sales grew 3 percent to 7.6 billion rupees and gross profits were flat at 7.6 billion rupees.

Finance income halved to 1.9 billion rupees from 3.8 billion, and interest expenses grew 113 percent to 718 million rupees, as cash holdings were used to build real assets.

Profits at retail segment grew to 481 million rupees in the quarter from 154 million rupees with more supermarkets being opened and more customers visiting.

“The business continued to record strong growth in profitability driven by a notable contribution from new outlets and a robust 6.1 per cent growth in customer footfall which contributed towards a 5.4 per cent increase in same store sales,” Chairman Krishan Balendra told shareholders.

“Seven new outlets were opened during the quarter, increasing the total store count to 107 as at 31 December 2019.”

Consumer foods sales grew with both volumes and a better sales mix helping beverages and frozen confectionery, he said.

Transportation which includes a container terminal and bunkering earned 1.1 billion rupees, marginally up but hotels lost 357 million rupees, reversing form 587 million rupee profit last year.

Sri Lanka was hit by Easter Sunday attack in April 2019. Though the industry recovered by December, with occupancy picking up, prices were weaker. (Colombo/Jan29/2020)

ThilinaM · **178** Re: JOHN KEELLS HOLDINGS PLC (JKH.N0000) Thu Jan 30, 2020 1:15 pm

ThilinaM

Vice President - Equity Analytics

Posts : 1086
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who cares. useless companys unless it came by .25 of current price

ThilinaM · **179** Re: JOHN KEELLS HOLDINGS PLC (JKH.N0000) Thu Jan 30, 2020 1:16 pm

ThilinaM

Vice President - Equity Analytics

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Join date : 2019-06-20
Location : colombo

too big and diversified to manage and succeeed

Ekanayake90 · **180** Re: JOHN KEELLS HOLDINGS PLC (JKH.N0000) Mon Feb 24, 2020 1:02 pm

Ekanayake90

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152RS
“ can we see a turnaround after touching 150”

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