Formerly | John Keells Limited |
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Company type | Public |
| |
ISIN | LK0092N00003 |
Industry | Conglomerate |
Founded | 1870 |
Headquarters | , Sri Lanka |
Key people | Krishan Balendra (Chairman) |
Brands |
|
Revenue | LKR260.687 billion (2023) |
LKR12.691 billion (2023) | |
LKR18.896 billion (2023) | |
Total assets | LKR744.506 billion (2023) |
Total equity | LKR360.418 billion (2023) |
Owners |
|
Number of employees | 22,250 (2022/23) |
Subsidiaries |
|
Website | www |
Footnotes /references [1] |
John Keells Holdings PLC (JKH) is a Sri Lankan multinational conglomerate company. It has business interests in hotels and resorts management, port, marine fuel and logistics services, IT services, manufacturing of food and beverages, supermarkets, tea, stock broking, life insurance, banking, and real estate.[ citation needed ]
JKH is a full member of the World Economic Forum [2] and has issued Global Depository Receipts on the Luxembourg Stock Exchange, and was the first Sri Lankan company to be listed overseas. Keells is reportedly the most valuable company in Sri Lanka since the 1980s. [3]
Edwin and George John founded John Keells in the 1870s. They incorporated the company in Colombo, Ceylon with the name E.John & Co. In 1960 they changed the name to John Keells. It was initially set up as a manufacturer of tea and essential foods. In 1948 E. John & Co. merged with two UK based companies including Thompson and White & Co. Ltd. [4]
During the 1970s and 1980s, the company mainly focussed on new opportunities in the tourist industry. In 1986, the name was changed again, from John Keells Ltd to John Keells Holdings Ltd. In 1986/87 John Keells went public. [5]
The number of shares of John Keells is approximately 1.32 Billion. In 2021, the share price of JKH reached Rs. 147. The promoter group, the SK Captain family, hold 11.62% of the total shares whereas the remaining 88.38% shares are held by public shareholders, including Citigroup. [6]
The company's equity shares have been listed on the Colombo Stock Exchange since the 1980s. As of 2021, JKH's market capitalization stood at Rs195 billion, making it the largest company in Sri Lanka. [3] In 1994 the Global Depository Receipts issued by the company were listed on the Luxembourg Stock Exchange.
Company has received domestic credit rating of AAA (lka) from Fitch. [7] It was to become the 10th most valuable brand in Sri Lanka worth Rs. US$103 million in 2020 (excluding Elephant House). [8]
John Keells' total revenue from logistics was 10%, from transporting 12% and 5% from supply chain management.
John Keells Logistics (Pvt) Ltd. is a logistic, supply chain management and transportation management company. It is a subsidiary of John Keells. It is a recipient of the ISO 9001:2015 and ISO 45001:2018 certifications. [9]
Mackinnons is one of the oldest logistic companies in Sri Lanka. It was founded by India Steamship Company in 1917. Mackinnons Group was acquired by John Keells in the 1970s. [10]
John Keells Holdings launched John Keells X in 2016 to boost creative and intellectual business talent in Sri Lanka via a competitive programme conceptualized and administered by John Keells Holdings PLC. It includes investment in Blue lotus 360, DirectPay, HeliosP2P, SenzAgro. [11]
Year | Revenue in bil. LKR | EBIT in bil. LKR | Profit in bil. LKR | Equity in bil. LKR | Capital employed in bil. LKR | Earnings per share LKR |
---|---|---|---|---|---|---|
2023 | 276.640 | 40.392 | 18.896 | 360.418 | 624.478 | 13.12 |
2022 | 218.075 | 34.359 | 20.443 | 330.091 | 598.319 | 15.13 |
2021 | 127.676 | 7.931 | 3.951 | 242.987 | 415.891 | 3.62 |
2020 | 138.956 | 15.508 | 9.741 | 243.723 | 344.630 | 7.14 |
2019 | 135.456 | 20.198 | 16.237 | 230.358 | 284.871 | 11.13 |
2018 | 121.215 | 28.155 | 23.120 | 224.864 | 254.587 | 15.2 |
2017 | 106.273 | 23.324 | 18.117 | 194.331 | 217.097 | 11.9 |
2016 | 93.710 | 20.192 | 15.792 | 168.481 | 189.231 | 10.5 |
2015 | 91.852 | 19.226 | 15.745 | 150.077 | 174.011 | 12.6 |
2014 | 86.706 | 16.537 | 12.958 | 134.319 | 160.458 | 10.5 |
Source: Annual Report, 2022/23 (p. 305) [1]
Nations Trust Bank PLC is one of the listed banks in Sri Lanka with 96 branches, 99 ATMs and 64 cash deposit & withdrawal machines as well as an automated channels and is the issuer and sole acquirer for American Express Credit Cards in Sri Lanka. Nation Trust Bank's major shareholders are John Keells Holdings and Central Finance Company PLC which are leading companies in their respective operating sectors in Sri Lanka.
Hayleys PLC, founded in 1878 by Charles Pickering Hayley, is a multinational and diversified conglomerate company in Sri Lanka, publicly listed on the Colombo Stock Exchange with business spanning over 16 sectors, catering to 80 markets worldwide. Hayleys accounts for approximately 5% of Sri Lanka's export income, and 4.6% of the country's tea and 4.1% of its rubber production. With over 36,000 employees, Hayley was also the first listed entity in the country to surpass annual revenue of US$1 billion in Fiscal Year 2017/18. The company operates over 16 business sectors: eco-solutions, hand protection, purification, agriculture, consumer and retail, leisure, textile manufacturing, construction materials, plantations, industrial solutions, power and energy, transportation and logistics, BPO, tea exports, projects and engineering, and investments and services. Hayleys comprises over 180 business units and subsidiaries, twelve of which are publicly listed on the Colombo Stock Exchange. Hayleys PLC is a public listed company with over 15,147 shareholders as of March 31, 2024. In addition to Sri Lanka, Hayleys today has manufacturing facilities in Indonesia,Thailand and India, with marketing operations in Australia, India, Bangladesh, Italy, Japan, Netherlands, UK, USA, France, Poland and Kenya, and its products are sold in 80 countries.
Expolanka Holdings Limited is a diversified conglomerate with interests in logistics, leisure, food and technology businesses with a global presence in 39 countries and over 100 cities.
Amãna Bank is the first and only licensed commercial bank in Sri Lanka to conduct all its operations under the principles of Islamic banking and be fully disengaged from interest based transactions, offering the full spectrum of retail banking, SME banking, corporate banking, treasury and trade finance services.
Keells is a Sri Lankan supermarket chain operated by Jaykay Marketing Services (Pvt) Ltd., a subsidiary of the John Keells Group. Established in 1991, Keells has grown to operate 135 outlets across the country, positioning itself as one of the leading retail chains in Sri Lanka alongside other retailers such as Cargills, Glomark, Spar, and Arpico. The company is headquartered in Colombo 2, Sri Lanka, and offers a wide range of products, including fresh produce, groceries, bakery items, and ready-to-eat meals.
Cinnamon Hotels & Resorts is a Sri Lankan luxury hotel chain brand.
John Keells Hotels PLC is a hotel holding company in Sri Lanka. John Keells built its first resort in 1973 in Habarana. John Keells' hotel management company operated under several names. In the 1970s, the company was known as Walkers Tours Hotels. Then in the 1980s, it was known as simply Hotel Management & Marketing Services, and finally, in the 1990s, the company became to known as John Keells Hotels. John Keells ventured into the Maldives in 1996 with the acquisition of Velidhu Resort Hotel. In 2004, the hotel chain underwent a major restructuring. All resorts were brought under John Keells Hotels Limited, and the company was listed on the Colombo Stock Exchange.
Chevron Lubricants Lanka PLC is a manufacturer, distributor and marketer of Petroleum-based lubricants in Sri Lanka. The company is one of the constituents of the S&P Sri Lanka 20 Index and the Chevron Corporation holds a controlling stake (51.00%) of the company's stocks. The company offers engine oils, gear oils, transmission oils under the brand name Havoline while offering diesel vehicle engine oils, industrial lubricants, coolants, brake fluids under the brand name Delo. For the financial year 2019/20, Chevron Lubricants Lanka was ranked 67th in LMD 100, a list of listed companies by revenue in Sri Lanka.
Cinnamon Lakeside Colombo, trading as Trans Asia Hotels PLC, is a five-star luxury hotel located in Colombo, Sri Lanka. The hotel is listed on the Colombo Stock Exchange and John Keells Holdings owns a stake of 92% of the company's shares, 48% directly and 43% through its subsidiary Asian Hotels and Properties PLC. Cinnamon Lakeside Colombo has 346 rooms including 20 suites.
Singer PLC is a Sri Lankan holding company engaged in retailing and wholesale marketing home appliances and furniture. The company is also taking part in financial services and manufacturing businesses. The company is listed on the Colombo Stock Exchange since 1981 and in 2017, the Sri Lankan conglomerate, Hayleys acquired the majority of the shares. Singer is ranked 17th in the LMD 100, an annual list of listed companies in Sri Lanka by revenue, in 2020/21 edition. Brand Finance ranked the company 15th most valuable brand in Sri Lanka in its annual list of top 100 brands.
Central Finance Company PLC is one of the oldest non-bank financial institutions (NBFIs) in Sri Lanka having founded in 1957. The company is listed on the Colombo Stock Exchange in 1969. Brand Finance ranked the company the 28th most valuable brand in Sri Lanka for the year 2021. Central Finance Company was ranked 44th in the LMD 100 for the fiscal year 2019/20 by LMD.
L B Finance PLC sometimes spelt LB Finance, is a Sri Lankan non-bank financial institution. The company is incorporated in 1971 and initially, the majority of shares were held by Lewis Brown & Company. The company was listed on the Colombo Stock Exchange in 1997. In 2003, Dhammika Perera acquired the company and became a subsidiary of Vallibel One. Currently, the company is one of the components of the S&P Sri Lanka 20 Index. Brand Finance ranked the company 24th in the 100 most valuable brands in Sri Lanka. The company placed 39th in the LMD 100 for the financial year 2019/20.
People's Leasing & Finance PLC, sometimes called People's Leasing Company or commonly abbreviated PLC, is a licensed non-banking financial company in Sri Lanka. The company is ranked 30th in LMD 100, an annual list of leading listed companies in Sri Lanka. Brand Finance placed the company 21st amongst the 100 most valuable brands in Sri Lanka. The company was incorporated in 1995 and in 2010 listed on the Colombo Stock Exchange. 75% of the shares of the company is held by the People's Bank, one of the two government-held banks of Sri Lanka.
Cinnamon Citadel Kandy, formerly known as The Citadel Kandy, is a four-star hotel located in Kandy, Sri Lanka. The hotel is located on the bank of the Mahaweli River. The hotel's main deck is decorated with Dumbara weaving designs and an 18-foot handwoven wall hanging by Ena de Silva.
Sunshine Holdings PLC is a Sri Lankan conglomerate holding company that is engaged in the healthcare, consumer goods and agribusiness sectors. Sunshine Holdings was incorporated on 16 June 1973, and listed on the Colombo Stock Exchange in 1983. Sunshine Holdings ranked 45th in LMD 100, a list of quoted companies in Sri Lanka by revenue in the 2020/21 edition.
Hela Apparel Holdings PLC branded as Hela Clothing is a holding company in Sri Lanka that is engaged in the apparel industry. The company supplies to a number of brands such as Tommy Hilfiger, Calvin Klein, and Michael Kors. Hela Apparel Holdings operates four design centres in Sri Lanka, the United States, France and the United Kingdom. The company have eleven manufacturing plants, seven in Sri Lanka, and two each in Ethiopia and Kenya. The company is one constituent of the S&P Sri Lanka 20 Index since June 2022.
The Housing Development Finance Corporation Bank of Sri Lanka PLC, commonly abbreviated as HDFC Bank of Sri Lanka PLC, is a specialised housing bank in Sri Lanka. The bank commenced operations in 1984 as a building society. Through successive acts in the Parliament of Sri Lanka over the years, the bank transformed into a state-owned enterprise, then a specialised bank and a listed company on the Colombo Stock Exchange in 2005. Since widening its scope of business in 2011, the bank established itself as a supporter of small and medium-sized enterprises. The government of Sri Lanka holds 51% of the bank's stocks, mainly through the National Housing Development Authority. HDFC Bank is one of the LMD 100 companies in Sri Lanka. The bank ranked 78th in the 2020/21 edition. Brand Finance calculated the brand value of HDFC Bank to be LKR763 million in 2022. Due to the effects of the Sri Lankan economic crisis, Fitch Ratings placed the bank along with twelve other Sri Lankan banks on Rating Watch Negative.
Kelani Tyres PLC is a tyre manufacturing company in Sri Lanka. Kelani Tyres originates in the privatisation of the government-owned Ceylon Tyre Corporation. Initially, privatisation is met with extreme employee industrial action for several months. Once the employee unrest dwindled, the company entered into an agreement with CEAT to set up a joint venture in 1993. In 1994, Kelani Tyres was listed on the Colombo Stock Exchange. In 2022, CEAT was amongst the 100 most valuable brands in Sri Lanka. The company moved to meet the total domestic demand for bus and truck tyres which would save LKR11 billion in foreign exchange through import substitution.
Union Assurance PLC is an insurance company in Sri Lanka. Union Assurance was founded in 1987 and was listed on the Colombo Stock Exchange in the following year. In 2009, John Keells Holdings acquired a controlling stake in the company. The company divested its general insurance business to Fairfirst Insurance and focused on life insurance in 2015. The company was a constituent of Forbes Asia's Best Under a Billion list in 2018. Union Assurance is one of the LMD 100 companies in Sri Lanka. The company is also one of the 100 most valuable brands in Sri Lanka.