Sri Lanka Keells Hotels net up 39-pct in December

(L-R) MD & CIO of Global Business at KRX Doyeon Kim, President & CEO at KRX Sangwan Ahn, KRX Chairman Jiwon Jung, CSE Chairman Ray Abeywardena, SL Ambassador to South Korea Manisha Gunasekara, CSE CEO Rajeeva Bandaranaike, CSE Head of Finance and Administration Kusal Nissanka

Feb 03, 2012 (LBO) – Keells Hotels Plc, the leisure unit of Sri Lanka’s John Keells Holdings group said net profits in the December 2011 quarter rose 39 percent to 285 million rupees from a year earlier. The firm reported earnings of 20 cents per share. For the nine months to December the firm said earnings were 28 cents on profits of 407 million rupees.

The stock closed up 10 cents at 11.10 rupees Thursday.

For many Sri Lankan hotels, the December quarter, which is the northern hemisphere winter is the best period.

Keells Hotels said revenues rose 29 percent to 1.95 billion rupees in the quarter. Nine months revenues rose 28 percent to 3.6 billion rupees.

Chaaya Wild and Chaaya Tranz, which were refurbished, had re-opened in November.

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