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Asian Hotels and Properties September net down 48-pct EmptyToday at 10:18 pm by The Invisible

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Asian Hotels and Properties September net down 48-pct EmptyToday at 7:39 am by The Invisible

» In the Meantime, Within Our Shores !
Asian Hotels and Properties September net down 48-pct EmptyYesterday at 10:00 pm by කිත්සිරි ද සිල්වා

» Embrace Modernity or Perish is the Question Today
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» Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction
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Asian Hotels and Properties September net down 48-pct EmptyYesterday at 10:04 am by කිත්සිරි ද සිල්වා

» Thread for News on CSE and SL Economy
Asian Hotels and Properties September net down 48-pct EmptyTue Apr 07, 2020 7:51 am by The Invisible

» ඩොලරයේ විකුණුම් මිල රු. 199 ඉක්මවයි
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Asian Hotels and Properties September net down 48-pct EmptySun Apr 05, 2020 8:00 pm by nihal123

» Happy Birthday
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» Nikon Offering Free online Photography Classes
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Asian Hotels and Properties September net down 48-pct EmptySat Apr 04, 2020 9:39 am by කිත්සිරි ද සිල්වා

» A Simple but Powerful Yogic Process to Boost Immunity and Enhance Lung Capacity
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» Sri Lanka finance companies pressured by Coronavirus: Fitch
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» ඇඳුම නං නරක නෑ
Asian Hotels and Properties September net down 48-pct EmptyWed Apr 01, 2020 9:48 am by The Invisible

» Kagame gives food, free electricity to every household during lockdown
Asian Hotels and Properties September net down 48-pct EmptyTue Mar 31, 2020 10:07 am by කිත්සිරි ද සිල්වා

» MARKET HOLIDAY ON 30TH MARCH 2020
Asian Hotels and Properties September net down 48-pct EmptySun Mar 29, 2020 10:09 pm by කිත්සිරි ද සිල්වා

» Power of Social Media
Asian Hotels and Properties September net down 48-pct EmptySun Mar 29, 2020 1:19 pm by කිත්සිරි ද සිල්වා

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Asian Hotels and Properties September net down 48-pct EmptySun Mar 29, 2020 10:10 am by LSE

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Asian Hotels and Properties September net down 48-pct EmptySat Mar 28, 2020 2:32 am by pjrngroup

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» Why we need to practise social distancing
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Asian Hotels and Properties September net down 48-pct EmptyMon Mar 23, 2020 7:35 am by The Invisible

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» SAMP.N0000 (Sampath Bank PLC)
Asian Hotels and Properties September net down 48-pct EmptySun Mar 22, 2020 7:52 am by The Invisible

» INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)
Asian Hotels and Properties September net down 48-pct EmptySat Mar 21, 2020 2:27 pm by serene

» Obituary Notice.
Asian Hotels and Properties September net down 48-pct EmptySat Mar 21, 2020 1:13 pm by කිත්සිරි ද සිල්වා

» Sri Lanka makes mini-budget till May 2020 under Presidential powers
Asian Hotels and Properties September net down 48-pct EmptySat Mar 21, 2020 9:49 am by The Invisible

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» People first, economy next, says top economist
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Asian Hotels and Properties September net down 48-pct EmptyFri Mar 20, 2020 8:05 am by The Invisible

» Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse
Asian Hotels and Properties September net down 48-pct EmptyThu Mar 19, 2020 2:36 pm by කිත්සිරි ද සිල්වා

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Asian Hotels and Properties September net down 48-pct EmptyThu Mar 19, 2020 2:31 pm by The Invisible

» Sri Lanka elections delayed over Coronavirus
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Asian Hotels and Properties September net down 48-pct EmptyThu Mar 19, 2020 9:31 am by The Invisible

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» Sri Lanka President orders 6-month debt moratorium, 4-pct working capital
Asian Hotels and Properties September net down 48-pct EmptyWed Mar 18, 2020 3:17 pm by slstock

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Asian Hotels and Properties September net down 48-pct

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Asian Hotels and Properties September net down 48-pct Empty Asian Hotels and Properties September net down 48-pct

Post by The Invisible on Wed Oct 31, 2018 9:37 am

ECONOMYNEXT- Sri Lanka's Asian Hotels and Properties Plc, the city hotel and property development arm of John Keells Holdings, said net profits halved from a year earlier to 214.8 million rupees in the September quarter on falling sales.

The company reported earnings of 49 cents a share in the quarter. In the six months to end September 2018, earnings were 63 cents a share on a profit of 279.7 million rupees, down 60 percent from a year earlier.

Asian Hotels and Properties was trading 50 cents higher Tuesday at 42.50 rupees.

In the quarter, sales fell 14 percent from a year ago to 2 billion rupees, while cost of sales fell 10 percent to 873.6 million rupees, leading to gross profits falling 17 percent to 1.1 billion rupees.

Revenue from the leisure arm, which includes the Cinnamon Grand and the Cinnamon Lakeside, fell 14.7 percent to 1.9 billion rupees, while net profits fell 58.4 percent to 201.3 million rupees.

Revenue from the property arm was flat at 102.8 million rupees while net profits increased 20.3 percent from a year ago to 56.1 million rupees.

The balance sheet showed little change from the start of the financial year six months earlier, with total assets of 41.3 billion rupees and net assets per share of 42 rupees. (COLOMBO, 30 October 2018)
The Invisible
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Asian Hotels and Properties September net down 48-pct Empty Re: Asian Hotels and Properties September net down 48-pct

Post by dhanurrox on Wed Oct 31, 2018 2:50 pm

NP got two blocks at 35 rupees recently

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Asian Hotels and Properties September net down 48-pct Empty Re: Asian Hotels and Properties September net down 48-pct

Post by serene on Thu Nov 01, 2018 8:08 am

Thanks Invi and Dhanuu.
Enhanced activities on JKH as well as its subsidiaries.

serene
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Asian Hotels and Properties September net down 48-pct Empty Re: Asian Hotels and Properties September net down 48-pct

Post by Brave Heart on Thu Nov 01, 2018 8:17 am

JKH current run is purely based on strategic reasons. Otherwise the current price is very much overvalued to me. Yesterday JKH reached 150 as well.
Invi has explained this very nicely.

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