Acquisition of South Asia Textiles Likely to Weigh on Hayleys Fabric Earnings in Short-term
The purchase of South Asia Textiles Limited by Hayleys Fabric PLC could in the short-term weigh on the combined entity earnings due to decline in margins and the increase in finance cost stemming from the borrowings, which may have been made to fund their April acquisition. Hayleys Fabric PLC on April 23 paid Rs.3.95 billion…
