1 John Keells Holdings
Board of Directors
1 FRANKLYN AMERASINGHE
2 D RODRIGO
3 S GUNASEKERA
4 AJIT GUNEWARDENE
5 SUSANTHA RATNAYAKE
6 RONNIE PEIRIS
7 S ENDERBY
8 S TIRUCHELVAM
9 TARUN DAS
John Keells Holdings is number one in the Business Today TOP TWENTY, rising two positions from last year. Exceeding expectations the group experienced growth in the third and fourth quarter of 2009 - 2010 against the corresponding quarters of the preceding year by 57 percent and 35 percent respectively.
With the political, economic and business stability of the country providing the much-required enabling environment the group reinforced its ‘nothing is impossible' attitude creating a milieu where innovation is encouraged.
Transportation remained the main contributor to the group's after tax profits, contributing 41 percent. Operations of the South Asia Gateway Terminals at the Colombo Port was the main driving factor.
With increased tourist arrivals to the country, the performance of the leisure industry group improved significantly contributing 24 percent to the group's revenue and 18 percent of the group's profitability with a profit after tax of 973 million rupees, this being a sevenfold increase from the previous year. Major investments had been made in this sector in anticipation of growth in the tourism industry. Due to the stellar performance of the group's stock broking arm together with the steady performance of Nations Trust Bank and the insurance subsidiary Union Assurance, Financial Services reported a profit after tax of 530 million rupees, an increase of 56 percent compared to last year.
Compared to the loss of 167 million rupees during the previous fiscal year Information Technology recorded a profit after tax of 18 million rupees. Since the profits from Monarch were absent during the 2009 - 2010 fiscal year due to the completion of the project and the slightly delayed though progressing construction of the Emperor, the property sector saw a decline of 30 percent in its profit after tax from last year. The Consumer Foods and Retail industry group though contributing two percent to the group's profit after tax, saw a 28 percent decline compared to the previous year. The Beverages and Confectionary business recorded 15 percent increase in profit after tax due to new markets in the North and East.
The Other segment which includes Plantation Services, capital profit arising from the sale of KHL rights and the acquired stake of 24.6 percent in Central Hospital through John Keells Capital, contributed six percent to the group revenue and 24 percent to the group's profitability.
John Keells Holdings stellar performance during the 2009 - 2010 financial year has been inspirational and is an example of a group reaching great heights with the improved situation in the country. Having been able to consistently secure a position in the Business Today corporate rankings, to be number one in the first Business Today TOP TWENTY should encourage others to realise that ‘nothing is impossible'.