Business Times

Leisure sector largest contributor to JKH growth

John Keells Holdings (JKH) this week said its group revenue for the year ending March 31, 2012 rose by 27 % to Rs. 76.7 billion while pre-tax profit(PAT) gained by 21 % to Rs.13 billion against the same indicators in the earlier financial year. \

The company said more details on its financial, environmental and social performance will be provided in its annual report to be released next week. It said recurring profit attributable to equity holders of the parent increased by 40 % to Rs. 8.4 billion, net cash flow from operating activitiesgainedsharply by 94 % to Rs.16.5 billion while the Return on Equity (ROE) was 15% against15.1 % in the previous year. Thetransportation sector maintained its growth momentum achieving revenues of Rs.17.4 billion and a PAT of Rs.3.3 billion, contributing 23 % and 30 %, respectively to group revenue and PAT.

The leisure sector reported revenues of Rs. 17.4 billion and a PAT of Rs. 3.7 billion, contributing 23 % and 34 %, respectively to the group revenue and PAT. "With a PAT growth of 60% over the previous year, the leisure industry group was the largest contributor to the 2011/12 JKH Group PAT," the company statement to the Colombo Stock Exchange said. Property, consumer foods and retail reported similar to financial services and the IT sectors. The group reported 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).

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