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02 February, 2016 09:04 AM Source: Financial Times - Sri Lanka
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Premier blue chip John Keells Holdings (JKH) on Friday announced that it had performed satisfactorily during the third quarter but challenges faced by several of its core businesses still remained.

The latest results are dwarfed by the impact of nearly Rs. 1 billion in capital gains enjoyed in the third quarter of the last financial year but excluding that JKH’s recurrent results look better.

Transportation, leisure and IT sector results were down whilst property and consumer foods and retail and financial services continued with their robust performance.

The group profit before tax (PBT) in the third quarter of the financial year 2015/16, at Rs.5.30 billion, is 1% below the PBT of Rs. 5.37 billion, which included capital gains of Rs. 610 million, recorded in the corresponding period of the previous year.

The group profit before tax (PBT) for the first nine months of the financial year 2015/16, at Rs. 13.13 billion, is an increase of 9% over the PBT of Rs. 12.04 billion, which included capital gains of Rs. 999 million, recorded during the same period of the previous financial year.

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