Sri Lanka’s John Keells Holdings second quarter net edge down
Profits at Sri Lanka’s diversified John Keells Holdings edged down in the September quarter amid higher sales costs and lower profits in the leisure and retail sectors.
Profits attributable to equity holders in the second quarter were down one percent to 3.73 billion rupees from a year earlier. The group reported earnings of 2.69 rupees per share for the quarter.
The Group revenue for the quarter was up 15 percent to 29.6 billion rupees while in the first six months it grew by 16 percent to 56.4 billion rupees.
Cost of sales increased 26 percent to 22.5 billion rupees in the September quarter while administrative expenses increased 11 percent to 3.19 billion rupees.
In the segmental analysis, leisure sector reported a profit of 838 million rupees in the second quarter which is ...