manusath-derana

JKH Profit Before Tax down 5% in the 2nd Quarter of 2018

November, 8, 2018

Sri Lanka's leading blue chip John Keells Holdings (JKH) relapsing their interim financials revealed that JKH Group's profit before tax (PBT) at Rs. 4.69 billion in the second quarter of the financial year 2018/19 is a decrease of 5% over the Rs. 4.95 billion recorded in the previous financial year.
Meanwhile the financials highlighted that the cumulative PBT for the first half of the financial year 2018/19 at Rs. 7.60 billion is a decrease of 16% over the PBT of Rs. 9.04 billion recorded in the same period of the previous financial year.

Further financials outline that JKH Group revenue at Rs. 32.57 billion for the period under review is an increase of 10% over the Rs. 29.62 billion recorded in the previous financial year. The cumulative revenue for the first half of the financial year 2018/19 at Rs. 62.74 billion is an increase of 11% over the revenue of Rs. 56.45 billion recorded in the corresponding period of the previous financial year.

According to financials the profit attributable to equity holders in the second half at Rs. 5.10 billion is an increase of 37% over the corresponding period of the previous financial year, whilst the first six months performance at Rs. 7.28 billion is an increase of 11% over the previous year. The profit attributable to equity holders includes a recognition of a deferred tax asset at Union Assurance PLC.

- Reporting by Devendra Francis