Thursday, 29 May 2014 00:00
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John Keells PLC released its interim results for the fourth quarter and 12 months ended 31 March 2014.
The consolidated profit before tax (PBT) from continuing operations for the financial year 2013/14 was Rs. 317.3 million, a decrease of 5% over the corresponding PBT of Rs. 335.1 million recorded in the previous financial year.
The consolidated profit after tax (PAT) for the financial year 2013/14 was Rs. 156.2 million as against Rs. 752.8 million in the previous year as a result of the combined impact of the current year’s profits including an impairment charge of Rs. 135.5 million and the previous year including a gain from the fair valuation of investment property of Rs. 483.5 million.
These impacts are classified as discontinued operations as a result of the transfer of the land owned by the company at Glennie Street to Waterfront Properties Ltd., details of which are in the Annual Report.
The consolidated revenue for the financial year 2013/14 was Rs.874.8 million, this being an increase of 15% over the Rs.760 million recorded in the previous financial year.
