John Keells Holdings PLC Stock

John Keells Holdings PLC, together with its subsidiaries, operates in transportation, leisure, property development and management, consumer foods and retail, financial services, and information technology (IT) services businesses primarily in Asia and Europe.

Transportation

The company operates a marine bunkering business, as well as businesses in logistics, travel and airline services in Sri Lanka, India and Maldives.

Leisure

The company owns 40 per cent of the 5-star capacity in Colombo. Additionally, it owns 7 resort hotels in Sri Lanka and 4 in the Maldives, under its 2 brands, ‘Cinnamon Hotels and Resorts’ and ‘Chaaya Hotels and Resorts’.

Property

The company develops luxury residential condominiums in Sri Lanka and manages a large commercial real estate portfolio in Colombo.

Consumer Foods & Retail (CF&R)

The company owns two of the country’s consumer brands, ‘Elephant’ and ‘Keells’, which engages in the production and marketing of carbonated soft drinks, ice creams and processed meats in Sri Lanka, as well as the ‘Keells Super’ chain of supermarkets.

Information Technology

The Information Technology group consists of companies engaged in software development, providing IT solutions for off-shore clientele, and office automation solutions. It has also entered in to the BPO industry and established contact centers in Gurgaon, India and Sri Lanka with clients in the United States, Canada, the Middle East and the Indian sub continent.

Financial Services

The company’s cluster of financial services companies offer a range of financial solutions, including commercial banking, insurance, stock broking, debt trading, fund management and leasing.

Dispositions

In July 2008, the company sold its 20 per cent stake in Associated Motorways PLC (AMW).

In March 2009, the company sold its remaining promoter stakes in Gamma Pizzakraft (Pvt) Ltd and French Restaurants (Pvt) Ltd to the majority owner Gamma Pizzakraft Overseas (Pvt) Ltd.

In April 2008, the company invested in a 44% equity stake in Quatr Finance & Accounting Solutions (Pvt) Ltd (QF&A), the India based Financial and Accounting (F&A) business of the Quatr o Group. QF&A in turn acquired the Chicago based Financial Process Outsourcing LLC, a niche player in the F&A outsourcing vertical, focusing on small and medium enterprises.