John Keells Group (JKH) profit before tax (PBT) has increased by 14 percent to Rs.5.17 billion in the second quarter of the financial year 2016/17 compared to over Rs.4.52 billion recorded in the previous financial year.
Chairman John Keells, Susantha Ratnayake said in his review that the cumulative PBT for the first half of the financial year 2016/17 which stands as Rs. 8.75 billion is an increase of 16% over the PBT of Rs.7.57 billion recorded in the same period of the previous financial year.
The profit attributable to equity holders for the second quarter which is Rs.3.77 billion reflects an increase of 8 percent over the previous year, while the first half performance at Rs.6.14 billion reflects an increase of 9 percent over the corresponding period of the previous financial year.
The revenue at Rs.25.76 billion for the quarter under review is a 13 percent increase over the Rs.22.76 billion recorded in the previous financial year.
The Company PBT for the second quarter of 2016/17 at Rs.1.74 billion and for the first half of the financial year 2016/17 at Rs.4.59 billion is a decrease of 65% and 44% respectively over the corresponding periods of 2015/16, which included a capital gain of Rs. 3.10 billion arising from the share repurchase of Union Assurance PLC.
The cumulative revenue Rs 48.49 billion posted for the first half of the financial year 2016/17 is an increase of 11%.
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