John Keells Holdings Group revenue up in 2011/12

John Keells Holdings PLC Group revenue increased by 27 percent to Rs. 76.70 billion according to interim results for the financial year 2011/12. The Group profit before tax (PBT) was Rs. 12.91 billion, a 21 percent increase over the PBT of Rs. 10.63 billion in the previous year. Recurring Group PBT increased by 37 percent to Rs. 11.50 billion while recurring profit attributable to equity holders of the parent increased by 40 percent to Rs. 8.36 billion. Net cash flow from operating activities increased by 94 percent to Rs. 16.48 billion.

Return on Capital Employed (ROCE) was 14.9 percent compared to 14.7 percent in the previous year while Return on Equity (ROE) was 15.0 percent compared to 15.1 percent in the previous year.Diluted earnings per share increased by 18 percent to Rs. 11.49 while cash earnings per share increased by 30 percent to Rs. 14.68.

The Group continues to maintain a strong balance sheet. This strength is evidenced by a debt to equity of 25.1 percent, a net debt (cash) to equity of (10.7) percent, debt to total assets of 15.0 percent and an interest cover of 20.2 times (previous year 14.4 times). The transportation industry group maintained its growth momentum having achieved revenues of Rs. 17.38 billion and a PAT of Rs. 3.27 billion, contributing 23 percent and 30 percent respectively to Group revenue and PAT. The 2011/12 PAT increased by 18 percent over the previous year.

The leisure industry group reported revenues of Rs. 17.42 billion and a PAT of Rs. 3.71 billion, contributing 23 percent and 34 percent respectively to the Group revenue and PAT. With a PAT growth of 60 per cent over the previous year, the Leisure industry group was the largest contributor to the 2011/12 JKH Group PAT.The Property industry group with a revenue of Rs. 3.79 billion and a PAT of Rs. 930 million contributed 5 percent and 8 percent respectively to total Group revenue and PAT. The 2011/12 PAT increased by 19 percent over the previous year.