Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka's John Keells Hotels profits increase 48 percent to Rs. 1.89 billion
Sat, May 31, 2014, 12:05 am SL Time, ColomboPage News Desk, Sri Lanka.

May 30, Colombo: Sri Lanka's largest hotel operator, John Keells Hotels reported an increase of 48 percent in its profit-before-tax (PBT) for the fourth quarter of 2013 and the financial year ending 31st March 2014.

The hotel group under the umbrella of John Keells Holdings (JKH) recorded that PBT increased to Rs. 1.89 billion from the Rs. 1.28 billion in the previous year, the company disclosed in a stock market release today.

For the financial year 2013/2014 the company posted revenues of Rs.10.97 billion, an increase of 17% over the Rs. 9.34 billion recorded in the previous financial year.

The profit attributable to the equity holders of the parent JKH was Rs. 1.57 billion, a 40 percent increase over the Rs. 1.12 billion reported in the previous financial year.

The company's Sri Lankan resorts center reported revenue of Rs. 4.88 billion, representing a growth of 27 percent over the Rs. 3.83 billion in 2012/13. The Maldivian Resorts sector of the company reported an income of Rs. 6.09 billion representing a growth of 10 percent over 2012/13 year.

John Keells Hotels owns two city hotels in Colombo and 11 resort hotels at prime locations in Sri Lanka and the Maldives.

ColomboPage - Recent 10 Stories
Sri Lanka President says government will stand by honest and committed officials
-- [23 minutes ago]
Sri Lanka Freedom Party to commemorate 66th anniversary on September 3
-- [1 hour and 15 minutes ago]
Eight Sri Lanka Police officers promoted to DIGs
-- [1 hour and 31 minutes ago]
Army Commander says some elements attempting to disrupt the trust between North and South
-- [2 hours ago]
Sri Lanka Supreme Court dismisses petition against resettlement of displaced in Wilpattu Forest Reserve
No income taxes imposed on money sent by migrant workers under the new Act, Minister emphasizes
Sri Lanka's new Foreign Minister assures to build country's image
Student activist Ryan Jayalath surrenders to court, remanded
PM reviews progress on flood relief in Matara district
Sri Lanka - Viet Nam economic ties reach new heights

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.