Drop in JKH pre tax profit

John Keells Holdings PLC recorded a Profit Before Tax (PBT) of Rs. 959 million, for the quarter ended June 30, 2009.

This was 16 percent below the PBT of Rs. 1.14 billion in the corresponding quarter of the previous year.

The profits attributable to equity holders for the quarter, ended June 30, 2009 of Rs. 650 million, reflected a decrease of 22 percent over the corresponding period in the previous year.

Revenue for the quarter, ended June 30, 2009 was Rs. 10.07 billion, 9 percent below that of the corresponding period of the previous year of Rs.11.09 billion. At a Company level, the net profit for the quarter, ended June 30, 2009 was Rs. 1.8 billion, a 422 percent increase compared to Rs. 345 million in the corresponding period of the previous year due to higher dividends received from subsidiary and associate companies.