Archives

Blue chip John Keells Holdings (JKH), Sri Lanka's largest company in terms of market capitalisation declared a 10% final dividend for the financial year ended March 31, 2002, in spite of a likely drop in profitability. This raises its total dividend for the year to 20%, the same as in 2001.

While JKH's year-end results are yet to be released, its net profits for the nine months ended December, 31, 2001 were down 47% to Rs. 239.8 million.

However, the JKH Board has decided to maintain last year's dividend rate as it views the likely underperformance in 2002 as being largely due to unprecedented external circumstances, which have somewhat improved in the last quarter of the financial year, the company said in a press release.

The company remains optimistic of growth prospects in 2003 and is confident of meeting shareholder expectations.

News | Business | Features | Editorial | Security
Politics | World | Letters | Sports | Obituaries |

Produced by Lake House
Copyright 2001 The Associated Newspapers of Ceylon Ltd.
Comments and suggestions to :Web Manager