JKH reports Rs.15.78 bln in pre-tax profit for fiscal 2012/13
View(s):John Keells Holdings (JKH), the Colombo conglomerate, on Tuesday said its group pre-tax profit for the year ending March 31, 2013 was Rs.15.78 billion, up 23 per cent from the previous year.
The company said more details of its financial, environmental and social performance will be provided in the annual report to be released next week.
Revenue was Rs.85.56 billion, up 10 per cent from 2011/2012. “The profit attributable to the equity holders of the parent was Rs.12.2 billion, a 26 per cent increase over the Rs.9.69 billion reported in the previous financial year,” the company said in a preliminary report of the results.
The recurring PBT (pre-tax profit) for the financial year 2012/13, excluding fair value adjustments on investment property and capital gains on share disposals, was Rs.13.54 billion, up 19 per cent over the recurring PBT of Rs.11.41 billion in the previous year.
On a similar basis, the recurring profit attributable to equity holders of the parent was Rs.10.31 billion, representing an increase of 21 per cent over the Rs.8.54 billion recorded in the previous year.
The report revealed that as at March 31, 2013 Colombo businessman Sohli Captain was the largest shareholder controlling 15.3 per cent, directly (9.6 per cent, down from 10.4 per cent at the end of December 31, 2012) and indirectly through his Paints & General Industries Ltd (9.7 per cent). Janus Overseas Fund is the single largest shareholder of the group with a 10.2 per cent Among directors, Chairman/CEO Susantha Ratnayake had increase his shareholdings to 5.2 9 million shares from 5 million at end December 2012 while Deputy Chairman Ajit Gunewardene had 6.48 million shares, up from 5.8 million in end 2012. The other executive director – Ronnie Peiris has increased his stake to 1.37 million shares from 865,859 at end December 2012.
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