Investor Presentaiton
Property: Q2 2023/24
Cumulative sales update:
(As at 30 September 2023)
Number of units
sold
Number of
remaining units
Cinnamon Life:
The Residence at Cinnamon Life
The Suites at Cinnamon Life
Total
TRI-ZEN
145
86
109
87
254
173
670
221
Q2 Earnings Update:
John
Keells
Group
(Rs. mn)
Q2
2023/24
Q2
2022/23
(435)
(279)
EBITDA
The EBITDA includes profit recognition from
'TRI-ZEN' and rental income from ten floors
of 'The Offices at Cinnamon Life'.
Q2 of 2022/23 included revenue and profit
recognition from real estate sales in Digana,
through Rajawella Holdings (Private) Limited.
The profitability of 'TRI-ZEN', which records
the Groups' share of profit after tax as it is an
equity accounted investee, was impacted by
higher finance expenses on account of
temporarily higher working capital
requirements for the construction of the
project.
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