JKH 2Q bottom line up 59% to Rs. 2.4 b

John Keells Holdings Plc said yesterday profit attributable to equity holders for the second quarter at Rs. 2.41 billion reflects an increase of 59% over the previous year while the first half performance at Rs. 4.07 billion reflects an increase of 48% over the corresponding period in the previous year.

The Group profit before tax (PBT) at Rs. 2.99 billion in the second quarter of the financial year 2012/13 was an increase of 46% above the Rs. 2.06 billion recorded in the corresponding period in the previous year. The cumulative PBT for the first half of the financial year 2012/13 at Rs. 5.39 billion was an increase of 44% over the PBT of Rs 3.74 billion recorded in the same period in the previous year.

The revenue at Rs. 20.68 billion and Rs. 40.70 billion in the second quarter and the first half of the financial year 2012/2013 was 17% and 21% above the Rs. 17.63 billion and Rs. 33.51 billion recorded in the corresponding periods in the previous year.

The Company PBT for the first half of Rs. 2.22 billion was an increase of 57% over the Rs. 1.41 billion recorded in the first half of 2011/12.

“Despite the volatile macro-economic environment which continues to be challenging, the performance of the Group demonstrates our resilience and our ability to adapt to changing circumstances,” JKH Chairman Susantha Ratnayake said in his review accompanying interim results.