John Keells Holdings reports improved earnings from Sri Lanka casino
1 report, 1 independent
Updated Fri 00:00
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What happened
John Keells Holdings filed its financial statements with the Colombo Stock Exchange. The City of Dreams Sri Lanka casino recorded an EBITDA of Rs.340 million for the quarter ending September 30. This figure improved significantly from a loss of Rs.64 million in the same period last year. JKH management indicated that gaming operations are approaching the threshold for variable rent payments, which could begin next year.
From dailymirror.lk
Why it matters
The improved profitability of the integrated resort suggests a positive shift in the revenue structure for John Keells Holdings. The potential activation of variable rent payments could change the financial obligations of John Keells Holdings.
From dailymirror.lk
Who's involved
- John Keells HoldingsFiler of the financial statements and lessor of the City of Dreams Sri Lanka casino space
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The entities involved
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John Keells Holdings
Sri Lankan conglomerate company