There was no reference however to whether or not the development will include a casino, a bone of contention in recent times following protests from opposition groups and the clergy.
Additionally, its FY13 saw JKH’s group revenue increase by 5 per cent to Rs. 89.26 billion and PAT (post tax profit) grow by 9 per cent, to Rs. 11.34 billion, while net cash flow from operating activities fell by 43 per cent, to Rs.8.36 billion. The latter trend was also true for Return on Capital Employed (ROCE), down to 11.8 per cent, Return on Equity (ROE), bottoming out at 11.0 per cent, and diluted Earnings per Share, dropping by 10 per cent, to Rs.12.33. Also, the Debt to Equity ratio was 19.5 per cent, down from 19.9 per cent the previous year.
At the same time, the annual report also identified JKH’s Leisure sector as contributing the greatest amount to the group’s profitability, shown as 37 per cent of group PAT, or Rs.4.82 billion. This sector also provided for 23 per cent of group revenue, equalling Rs. 22.55 billion; narrowly beating out revenue numbers from the next best performing sector, transportation, which showed revenue as Rs. 21.80 billion and a PAT of Rs. 2.51 billion, having given over 22 per cent and 19 per cent to group revenue and PAT, respectively.