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John Keells fiscal Q1 profit climbs YOY

John Keells PLC said its normalized net income for the fiscal first quarter ended June 30 came to 96 Sri Lankan cents per share, compared with 95 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 58.1 million rupees, compared with 57.8 million rupees in the year-earlier period.

The normalized profit margin dropped to 25.3% from 25.4% in the year-earlier period.

Total revenue came to 229.4 million rupees, compared with 227.3 million rupees in the year-earlier period, and total operating expenses rose 5.1% from the prior-year period to 121.1 million rupees from 115.2 million rupees.

Reported net income declined year over year to 67.0 million rupees, or 1.10 rupees per share, from 68.6 million rupees, or 1.13 rupees per share.

As of July 28, US$1 was equivalent to 130.22 Sri Lankan rupees.