Lankapage Logo CP 19 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* John Keells PBT increases by 21 percent to Rs. 27.63 billion for FY 2017/18
Sat, May 26, 2018, 11:26 am SL Time, ColomboPage News Desk, Sri Lanka.

May 26, Colombo: Sri Lanka's blue chip conglomerate John Keells Holdings (JKH) recorded a 21 percent increase in the Group's recurring Profit Before Tax (PBT) to Rs. 27.63 billion for the financial year 2017/18.

The Group in a stock market disclosure said the Group Profit Before Tax (PBT) for the quarter ending 31 March 2018 increased by 72 percent to Rs. 12.77 billion.

The Life Insurance business, Union Assurance PLC, recorded an annual life insurance surplus of Rs-3.64 billion and a one-off surplus of Rs.3.38 billion which was recorded in the fourth quarter of the year under review.

The significant increase is due to a policy change across the industry in keeping with international norms for computation of insurance contract liabilities as per the directive and guidelines issued by the Insurance Regulatory Commission of Sri Lanka (IRCSL).

Group revenue increased by 14 percent to Rs.121.22 billion. Group revenue for the quarter ending 31 March 2018 increased by 12 percent to Rs.33.55 billion.

Profit attributable to equity holders of the parent increased by 29 percent to Rs. 21.02 billion.

Group earnings before interest, tax, depreciation and amortization (EBITDA) increased by 18 percent to Rs. 32.21 billion. Diluted earnings per share increased by 28 percent to Rs.15.15 and the total dividend payout was Rs. 8.32 billion.

The company said a detailed analysis of the financial, environmental and social performance will be provided in the Integrated Annual Report which will be released next week.

 

ColomboPage - Recent 10 Stories ::
Sri Lanka nationwide inflation declines to 0.4 percent in December 2018
-- [40 minutes ago]
Sri Lanka's JLanka to invest $10m in Bahrain renewable energy sector
-- [53 minutes ago]
India assists in building modern infrastructure for Swami Vipulanada Institute of Aesthetic Studies at Sri Lanka's Eastern University
-- [1 hour and 24 minutes ago]
Court lifts overseas travel ban imposed on Avant Garde suspects
-- [7 hours ago]
HRCSL requests allocation of funds in budget to make state buildings accessible to disabled
-- [8 hours ago]
National Savings Bank employees to launch strike
-- [9 hours ago]
Police arrest 12 students of Wayamba University for assault on freshmen
Fitch Affirms SriLankan Airlines' Government Guaranteed Bonds at 'B'
President to launch National Drug Eradication School Week tomorrow from North
Fall armyworm menace cancels leave for agriculture officials

Copyright © 2000, 2016 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.