The investments have helped prop up their bottom line at a time when their Sri Lankan hotel properties have been hard hit by an intensifying internal conflict.
The violence has prompted travel warnings in key Western markets and led to a sharp downturn in arrivals to the island.
John Keells Holdings said revenues from its leisure sector grew by 39.5 pct to 7.6 billion rupees in the financial year ended March 31, 2007.
This was mainly a result of increased revenues from its Maldivian operations, the firm told shareholders.
The addition of two new properties, Dhonveli and Ellaidhoo, helped boost performance with both resorts doing well in their first year under the group’s portfolio.
"Despite the adverse situation in Sri Lanka impacting the leisure industry, the earnings before interest and tax of the Leisure