JKH expansion pace to increase

John Keells Holding (JKH), which this week reported strong growth in the last quarter ending December 2010, says the pace of ‘expansion’ of its growth sectors will increase this year.

“That is essentially our strategy – to increase the pace of the expansion scheduled for the year,” noted JKH Deputy Chairman Ajit Gunawardene. He told the Business Times that so far the company has committed a sum of $150 million since last May in expansion activity particularly in existing sectors like hotels, food and retailing and apartment complexes. “We see our supermarkets expanding from a current 45 stores.”