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JKH 4QFY12 Results Alert; Core pre-tax profit up 2x; growth broad based across all key sectors.

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JKH 4QFY12 Results Alert; Core pre-tax profit up 2x; growth broad based across all key sectors. Empty JKH 4QFY12 Results Alert; Core pre-tax profit up 2x; growth broad based across all key sectors.

Post  Merton Thu May 24, 2012 12:02 am

John Keells Holding’s (JKH) core pre-tax profits (excluding translation losses on revaluation of USD denominated loans, change in fair value of investment properties/quoted investments) increased ~100% YoY to LKR 5,015m, with all sectors except for plantations being earnings accretive. However, our core pre-tax profits would also include some transaction benefits relating to the currency devaluation. The LKR depreciated ~7% YoY (average) during 4QFY12 against the USD. Net earnings (unadjusted) from the transportation sector increased 9% to LKR1,012m, Leisure increased by 27% to LKR1,555.3m and financial services by 15% to LKR103m.
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Merton
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