COLOMBO: Sri Lanka’s largest hotel operator, John Keells Hotels reported an increase of 10 percent in its profit-before-tax (PBT) for the fourth quarter of 2016 and 12 months ending 31 march 2017. The hotel group under the umbrella of John Keells Holdings (JKH) recorded that PBT increased to Rs. 2.24 billion, the company disclosed in a stock market release. For the financial year 2016/17 revenue increased 6 percent to Rs.12.31 billion from Rs. 11.63 billion recorded in the previous financial year. Group profit before tax (PBT) increased by 10 per to Rs 2.24 billion compared to Rs. 2.04 billion in 2015/16. The profit attributable to the equity holders of the parent was Rs. 1.85 billion, an increase of 6 percent over the Rs 1.73 billion reported in the previous financial year.
The Sri Lankan Resorts segment reported revenue of Rs. 5.92 billion, representing an increase of 7 percent over the Rs. 5.55 billion in the previous financial year. The Maldivian Resorts segment reported revenue of Rs. 6.39 billion, an increase of 5 percent over Rs. 6.09 billion in the previous financial year 2015/16. More details on the financial, environmental, and social performance will be provided in the Annual Report which will be released on 6th June 2017, the Company said.
