Reported Earnings • May 27
Full year 2026 earnings released: EPS: LK₨2.09 (vs LK₨2.80 in FY 2025) Full year 2026 results: EPS: LK₨2.09 (down from LK₨2.80 in FY 2025). Revenue: LK₨1.23b (up 22% from FY 2025). Net income: LK₨126.8m (down 26% from FY 2025). Profit margin: 10% (down from 17% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Annonce • May 26
John Keells PLC, Annual General Meeting, Jun 25, 2026 John Keells PLC, Annual General Meeting, Jun 25, 2026, at 09:00 Sri Lanka Standard Time. Declared Dividend • Jan 29
Second quarter dividend of LK₨0.45 announced Shareholders will receive a dividend of LK₨0.45. Ex-date: 6th February 2026 Payment date: 25th February 2026 Dividend yield will be 3.5%, which is lower than the industry average of 6.8%. Sustainability & Growth Dividend is not adequately covered by earnings (97% earnings payout ratio). However, it is well covered by cash flows (11% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 7.2% to bring the payout ratio under control, which is more than the 5.8% EPS growth achieved over the last 5 years. Upcoming Dividend • Nov 07
Upcoming dividend of LK₨0.45 per share Eligible shareholders must have bought the stock before 14 November 2025. Payment date: 03 December 2025. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Sri Lankan dividend payers (4.3%). Higher than average of industry peers (2.6%). Upcoming Dividend • Aug 11
Upcoming dividend of LK₨0.45 per share Eligible shareholders must have bought the stock before 18 August 2025. Payment date: 04 September 2025. Payout ratio is on the higher end at 93%, however this is supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Sri Lankan dividend payers (4.8%). Higher than average of industry peers (2.5%). Buy Or Sell Opportunity • Jul 11
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to LK₨86.80. The fair value is estimated to be LK₨72.29, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 21%. Buy Or Sell Opportunity • Jun 26
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to LK₨86.60. The fair value is estimated to be LK₨71.54, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 21%. Buy Or Sell Opportunity • Jun 04
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to LK₨88.60. The fair value is estimated to be LK₨72.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 21%. New Risk • Jun 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (93% payout ratio). Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results. Revenue is less than US$5m (LK₨1.0b revenue, or US$3.4m). Market cap is less than US$100m (LK₨5.24b market cap, or US$17.5m). New Risk • May 31
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.7% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.2% average weekly change). Revenue is less than US$5m (LK₨1.0b revenue, or US$3.4m). Market cap is less than US$100m (LK₨5.24b market cap, or US$17.5m). Annonce • May 29
John Keells PLC Announces Final Dividend for Financial Year 2024/2025, Payable on 24 Jun 2025 John Keells PLC announced final dividend of LKR 1.6 per share for Financial year 2024/2025. XD date: 04 Jun 2025 . Payment date: 24 Jun 2025. Reported Earnings • May 28
Full year 2025 earnings released: EPS: LK₨2.80 (vs LK₨2.49 in FY 2024) Full year 2025 results: EPS: LK₨2.80 (up from LK₨2.49 in FY 2024). Revenue: LK₨1.01b (up 7.2% from FY 2024). Net income: LK₨170.5m (up 13% from FY 2024). Profit margin: 17% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. New Risk • May 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Sri Lankan stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Large one-off items impacting financial results. Revenue is less than US$5m (LK₨982m revenue, or US$3.3m). Market cap is less than US$100m (LK₨5.03b market cap, or US$16.8m). Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to LK₨89.70, the stock trades at a trailing P/E ratio of 30.3x. Average trailing P/E is 17x in the Retail Distributors industry in Asia. Total returns to shareholders of 50% over the past three years. Annonce • May 26
John Keells PLC, Annual General Meeting, Jun 25, 2025 John Keells PLC, Annual General Meeting, Jun 25, 2025, at 09:00 Sri Lanka Standard Time. Upcoming Dividend • Feb 07
Upcoming dividend of LK₨1.00 per share Eligible shareholders must have bought the stock before 14 February 2025. Payment date: 06 March 2025. Payout ratio is on the higher end at 98%, however this is supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Sri Lankan dividend payers (5.4%). Higher than average of industry peers (2.6%). New Risk • Feb 05
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 14% Last year net profit margin: 24% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 144% Cash payout ratio: 103% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (14% net profit margin). Revenue is less than US$5m (LK₨887m revenue, or US$3.0m). Market cap is less than US$100m (LK₨5.05b market cap, or US$16.8m). Reported Earnings • Feb 04
Third quarter 2025 earnings released: EPS: LK₨1.09 (vs LK₨0.15 in 3Q 2024) Third quarter 2025 results: EPS: LK₨1.09 (up from LK₨0.15 in 3Q 2024). Revenue: LK₨293.3m (up 48% from 3Q 2024). Net income: LK₨66.3m (up LK₨57.4m from 3Q 2024). Profit margin: 23% (up from 4.5% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to LK₨82.80, the stock trades at a trailing P/E ratio of 41.1x. Average trailing P/E is 20x in the Retail Distributors industry in Asia. Total returns to shareholders of 30% over the past three years. Reported Earnings • Nov 05
Second quarter 2025 earnings released: EPS: LK₨0.73 (vs LK₨0.64 in 2Q 2024) Second quarter 2025 results: EPS: LK₨0.73 (up from LK₨0.64 in 2Q 2024). Revenue: LK₨219.6m (down 18% from 2Q 2024). Net income: LK₨44.6m (up 15% from 2Q 2024). Profit margin: 20% (up from 14% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Jul 30
First quarter 2025 earnings released: EPS: LK₨0.41 (vs LK₨0.98 in 1Q 2024) First quarter 2025 results: EPS: LK₨0.41 (down from LK₨0.98 in 1Q 2024). Revenue: LK₨236.8m (down 2.6% from 1Q 2024). Net income: LK₨25.0m (down 58% from 1Q 2024). Profit margin: 11% (down from 24% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has remained flat, which means it is well ahead of earnings. New Risk • Jul 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Sri Lankan stocks, typically moving 5.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (5.9% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 117% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (16% net profit margin). Revenue is less than US$5m (LK₨942m revenue, or US$3.1m). Market cap is less than US$100m (LK₨4.16b market cap, or US$13.7m). New Risk • Jun 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.0% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 117% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (16% net profit margin). Revenue is less than US$5m (LK₨942m revenue, or US$3.1m). Market cap is less than US$100m (LK₨4.02b market cap, or US$13.3m). New Risk • Jun 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Sri Lankan stocks, typically moving 7.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.1% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (16% net profit margin). Revenue is less than US$5m (LK₨942m revenue, or US$3.1m). Market cap is less than US$100m (LK₨3.98b market cap, or US$13.2m). Annonce • May 23
John Keells PLC, Annual General Meeting, Jun 25, 2024 John Keells PLC, Annual General Meeting, Jun 25, 2024, at 11:15 Sri Lanka Standard Time. Reported Earnings • May 21
Full year 2024 earnings released: EPS: LK₨2.48 (vs LK₨5.03 in FY 2023) Full year 2024 results: EPS: LK₨2.48 (down from LK₨5.03 in FY 2023). Revenue: LK₨942.0m (down 8.1% from FY 2023). Net income: LK₨151.1m (down 51% from FY 2023). Profit margin: 16% (down from 30% in FY 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. New Risk • May 21
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 16% Last year net profit margin: 30% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (16% net profit margin). Revenue is less than US$5m (LK₨942m revenue, or US$3.1m). Market cap is less than US$100m (LK₨4.18b market cap, or US$14.0m). New Risk • Mar 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Sri Lankan stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Cash payout ratio: 92% Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Revenue is less than US$5m (LK₨978m revenue, or US$3.2m). Market cap is less than US$100m (LK₨4.15b market cap, or US$13.6m). Declared Dividend • Mar 17
Dividend of LK₨2.90 announced Shareholders will receive a dividend of LK₨2.90. Ex-date: 19th March 2024 Payment date: 9th April 2024 Dividend yield will be 4.3%, which is lower than the industry average of 6.8%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. CFO & Director Kamini Weerasinghe was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Nov 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Sri Lankan stocks, typically moving 7.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.0% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Paying a dividend despite having no free cash flows. Minor Risks Revenue is less than US$5m (LK₨1.0b revenue, or US$3.1m). Market cap is less than US$100m (LK₨3.96b market cap, or US$12.1m). Reported Earnings • Nov 07
Second quarter 2024 earnings released: EPS: LK₨0.64 (vs LK₨1.55 in 2Q 2023) Second quarter 2024 results: EPS: LK₨0.64 (down from LK₨1.55 in 2Q 2023). Revenue: LK₨268.1m (down 7.1% from 2Q 2023). Net income: LK₨38.6m (down 59% from 2Q 2023). Profit margin: 14% (down from 33% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. New Risk • Oct 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Sri Lankan stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.3% average weekly change). Revenue is less than US$5m (LK₨1.1b revenue, or US$3.2m). Market cap is less than US$100m (LK₨4.09b market cap, or US$12.6m). Reported Earnings • Jul 21
First quarter 2024 earnings released: EPS: LK₨0.98 (vs LK₨1.04 in 1Q 2023) First quarter 2024 results: EPS: LK₨0.98 (down from LK₨1.04 in 1Q 2023). Revenue: LK₨243.1m (up 12% from 1Q 2023). Net income: LK₨59.4m (down 6.2% from 1Q 2023). Profit margin: 24% (down from 29% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 24
Full year 2023 earnings released: EPS: LK₨5.03 (vs LK₨3.78 in FY 2022) Full year 2023 results: EPS: LK₨5.03 (up from LK₨3.78 in FY 2022). Revenue: LK₨1.02b (up 8.3% from FY 2022). Net income: LK₨305.9m (up 33% from FY 2022). Profit margin: 30% (up from 24% in FY 2022). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Annonce • May 23
John Keells PLC, Annual General Meeting, Jun 29, 2023 John Keells PLC, Annual General Meeting, Jun 29, 2023, at 10:00 Sri Lanka Standard Time. Agenda: To receive and consider the Annual Report and Financial Statements for the Financial Year ended 31st March 2023 with the Report of the Auditors thereon; to re-elect as Director, Mr. J. G. A. Cooray who retires in terms of Article 83 of the Articles of Association of the Company; to re-elect as Director, Ms. K. D. Weerasinghe who retires in terms of Article 83 of the Articles of Association of the Company; to re-appoint the Auditors and to authorise the Directors to determine their remuneration; and to consider other matters. Upcoming Dividend • Mar 13
Upcoming dividend of LK₨2.95 per share Eligible shareholders must have bought the stock before 20 March 2023. Payment date: 11 April 2023. The company last paid an ordinary dividend in May 2012. The average dividend yield among industry peers is 5.4%. Reported Earnings • Jan 28
Third quarter 2023 earnings released: EPS: LK₨0.43 (vs LK₨0.93 in 3Q 2022) Third quarter 2023 results: EPS: LK₨0.43 (down from LK₨0.93 in 3Q 2022). Revenue: LK₨251.1m (up 1.7% from 3Q 2022). Net income: LK₨26.4m (down 53% from 3Q 2022). Profit margin: 11% (down from 23% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 04
Second quarter 2023 earnings released: EPS: LK₨1.55 (vs LK₨1.09 in 2Q 2022) Second quarter 2023 results: EPS: LK₨1.55 (up from LK₨1.09 in 2Q 2022). Revenue: LK₨288.6m (up 15% from 2Q 2022). Net income: LK₨94.3m (up 43% from 2Q 2022). Profit margin: 33% (up from 26% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 23
First quarter 2023 earnings released: EPS: LK₨1.04 (vs LK₨0.71 in 1Q 2022) First quarter 2023 results: EPS: LK₨1.04 (up from LK₨0.71 in 1Q 2022). Revenue: LK₨216.8m (up 17% from 1Q 2022). Net income: LK₨63.3m (up 46% from 1Q 2022). Profit margin: 29% (up from 23% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Annonce • May 24
John Keells PLC, Annual General Meeting, Jun 23, 2022 John Keells PLC, Annual General Meeting, Jun 23, 2022, at 10:00 Sri Lanka Standard Time. Agenda: To receive and consider the Annual Report and Financial Statements for the Financial Year ended 31st March 2022 with the Report of the Auditors thereon; to consider and re-elect as Director, Ms. B A I Rajakarier who retires in terms of Article 83 of the Articles of Association of the Company; to consider and re-elect as Director, Ms. A K Gunawardhana who retires in terms of Article 83 of the Articles of Association of the Company; to consider re-appointment of the Auditors and to authorise the Directors to determine their remuneration; and to consider any other business of which due notice has been given in terms of the relevant laws and regulations. Reported Earnings • May 24
Full year 2022 earnings released: EPS: LK₨3.78 (vs LK₨4.18 in FY 2021) Full year 2022 results: EPS: LK₨3.78 (down from LK₨4.18 in FY 2021). Revenue: LK₨946.2m (up 14% from FY 2021). Net income: LK₨229.6m (down 9.7% from FY 2021). Profit margin: 24% (down from 31% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jan 25
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: LK₨0.93 (up from LK₨0.64 in 3Q 2021). Revenue: LK₨246.8m (up 19% from 3Q 2021). Net income: LK₨56.3m (up 44% from 3Q 2021). Profit margin: 23% (up from 19% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 18% per year. Reported Earnings • Oct 22
Second quarter 2022 earnings released: EPS LK₨1.09 (vs LK₨0.55 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: LK₨250.8m (up 40% from 2Q 2021). Net income: LK₨66.0m (up 97% from 2Q 2021). Profit margin: 26% (up from 19% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • Jul 24
First quarter 2022 earnings released: EPS LK₨0.71 (vs LK₨0.97 in 1Q 2021) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: LK₨184.6m (up 24% from 1Q 2021). Net income: LK₨43.2m (down 27% from 1Q 2021). Profit margin: 23% (down from 40% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 16% share price gain to LK₨76.00, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 15x in the Retail Distributors industry in Sri Lanka. Total returns to shareholders of 43% over the past three years. Upcoming Dividend • May 27
Inaugural dividend of LK₨2.29 per share Eligible shareholders must have bought the stock before 03 June 2021. Payment date: 23 June 2021. The company last paid an ordinary dividend in May 2019. The average dividend yield among industry peers is 2.3%. Annonce • May 22
John Keells PLC Recommends a Final Dividend for the Year Ended 31 March 2021, Payable on June 7, 2021 The Directors of John Keells PLC have recommended a Final Dividend of LKR 2.29 per share for the year ended 31st March 2021 from the profits available for appropriation, payable on June 7, 2021. Reported Earnings • May 22
Full year 2021 earnings released: EPS LK₨4.18 (vs LK₨3.09 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: LK₨828.2m (up 28% from FY 2020). Net income: LK₨254.2m (up LK₨442.0m from FY 2020). Profit margin: 31% (up from net loss in FY 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Jan 22
Third quarter 2021 earnings released: EPS LK₨0.64 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: LK₨207.2m (up 19% from 3Q 2020). Net income: LK₨39.2m (up LK₨53.7m from 3Q 2020). Profit margin: 19% (up from net loss in 3Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 81% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 15
New 90-day high: LK₨69.80 The company is up 22% from its price of LK₨57.20 on 16 October 2020. The Sri Lankan market is up 26% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Retail Distributors industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: LK₨59.30 The company is up 29% from its price of LK₨46.10 on 09 September 2020. The Sri Lankan market is up 22% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Retail Distributors industry, which is up 32% over the same period. Reported Earnings • Oct 25
First half earnings released Over the last 12 months the company has reported total losses of LK₨114.9m, with earnings decreasing by LK₨262.7m from the prior year. Total revenue was LK₨635.4m over the last 12 months, down 17% from the prior year. Is New 90 Day High Low • Oct 15
New 90-day high: LK₨57.20 The company is up 29% from its price of LK₨44.40 on 17 July 2020. The Sri Lankan market is up 20% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Retail Distributors industry, which is up 51% over the same period. 
