JKH Results Out!

[Rapaport]

JKH December Quarter net up 56% to 2.7 billion.

EPS 3.21/- for quarter and 6.67/- for 09 Months.

LBO Mobile alert (Source)

[lokuayya]

interesting,
are there any one off gains?
if not very good, annualized eps around 10 rupee is very good for a share like jkh which is trading at 162 rupees.jkh usually traded at high pe ratios above 20.

[Rapaport]

Sri Lanka JKJ net up 56-pct in December

Jan 26, 2012 (LBO) - Sri Lanka's John Keells Holdings said profits rose 56 percent to 2.73 billion rupees in the December 2011 quarter from a year earlier, with revenues up 35 percent to 21.1 billion rupees.

The firm reported earnings of 3.21 rupees for the quarter and 6.6.7 rupees for the nine months ending December on profits of 5.6 billion rupees, which were flat.
Segmented results showed transportation which is mainly a container terminal bringing in 842 million rupees (up from 554 million rupees, leisure 756 million (up from 523 million), property 275 million (up from 174 million), consumer foods 372 million (up from 47 million).

Financial service brought in 531 million rupees in profits (up from 338 million) and information technology 48 million rupees, reversing a loss of 9.3 million rupees a year earlier.

[Gaja]

http://www.cse.lk/cmt/upload_report_file/508_1327568730899.pdf

[Monster]

Mr Sohli Captain has reduced his stake from 16% to 13.7% and EPF has increased the stake by 0.3%.

[sapumal]

sector 2011 * 2010

Transportation 842,819 * 554,793
Leisure 756,598 * 523,268
Property 275,473 * 174,869
Consumer Foods & Retail 372,818 * 47,718
Financial Services 531,694 * 338,892
Information Technology 48,404 * (9,371)
Others (94,411) * 126,936

[Rapaport]

Wonder who sold the big chunk today?? Mr. Captain?

Was quite a positive poke to the CSE with a large foreign inflow.

Cheers!

[greedy]

One can trace NTB profit number from JKH accounts provided JKH has not made any errors in booking NTB profits . Refer below the image... as per my caln. NTB may have an eps around 1.18 for this quarter.... I may be wrong!!!

[sapumal]

May be.
Short term bank profits can have some impact due to rupee shortage.

[cseguide]

always good demand for Jkh is positive for entire market. JKH is a share that attracts foreign interest heavily. lets see what happen this time.

[econ]

good results for 3rd quarter.

[Gaja]

http://www.cse.lk/cmt/upload_report_file/508_1327580603.pdf - Amended Financial Statements

[Gaja]

Mr Sohli Captain has reduced his stake from 16% to 13.7% and EPF has increased the stake by 0.3%.

Interested to see 6th Largest Shareholder of JKH. Long term plan? also HSBC INTL NOM LTD-JPMLU-Schroder International Selection Fund increase there holding considerably.

[seyon]

Mr Sohli Captain has reduced his stake from 16% to 13.7% and EPF has increased the stake by 0.3%.

Interested to see 6th Largest Shareholder of JKH. Long term plan? also HSBC INTL NOM LTD-JPMLU-Schroder International Selection Fund increase there holding considerably.

Did u see DIST controlled Melstacorp (Private) Limited comes 6th largest shareholder with 3.2%, In 1st quarter DIST was not in top 20 list.

Why HJ so interested on JKH?...

[aj]

sector 2011 * 2010

Transportation 842,819 * 554,793
Leisure 756,598 * 523,268
Property 275,473 * 174,869
Consumer Foods & Retail 372,818 * 47,718
Financial Services 531,694 * 338,892
Information Technology 48,404 * (9,371)
Others (94,411) * 126,936

I think Consumer Foods & Retail segments has a one off other income. It was in one of their subsidiaries.
Although JKH is said to be a diversified their profits are seasonal completely depending on hotel income. Specifically profits are flat in off season. And the in this good season they should have done better.

[SRIAS]

http://research.srilankaequity.com/t218-capital-trust-jkh-3rd-quarter-financial-update

[greedy]

[quote="greedy"]One can trace NTB profit number from JKH accounts provided JKH has not made any errors in booking NTB profits . Refer below the image... as per my caln. NTB may have an eps around 1.18 for this quarter.... I may be wrong!!!

[/quote]



Though my Profit before tax number is off by LKR4.4 million (423mn-419mn), Profit after tax number is off by 91mn. This is I guess due to over provision of taxes in previous quarters which has resulted in a lesser tax for the last quarter. Refer below quarterly profit before tax and tax amounts....

Q1 2011 PBT 574,297K Tax 198,443K Tax % 34.55%
Q2 2011 PBT 550,162K Tax 189,763K Tax % 34.49%
Q3 2011 PBT 662,242K Tax 228,539K Tax % 34.66%
Q4 2011 PBT 423,179K Tax 59,242K Tax % 14.00%

The above shows how profit from previous quarters shifted to last quarter through tax provisions. It is only a 14% tax provision in the last quarter but a 35% provision in previous quarters!!!