Singer Finance PLC plans to raise Rs. 2 billion via the issuance of Listed, Rated, Unsecured, Subordinated Redeemable Five Year debentures of Rs. 100 each. It will issue 10 million debentures initially and in the event of an oversubscription a further 10 million will be offered. Type A debentures would be at a fixed coupon…
Fitch Ratings has assigned Singer Finance (Lanka) PLC’s (SFL, A+(lka)/Stable) Sri Lanka rupee-denominated subordinated unsecured debentures a final national long-term rating of ‘A-(lka)’. The assignment of the final rating follows the receipt of documents conforming to information previously received. The final rating is in line with the expected rating assigned on March 22, 2021.The debentures…
Sri Lankan multinational Haycarb PLC reported revenue of Rs.25.4 billion, profit before tax of Rs. 4.49 billion and profit after tax of Rs. 3.56 billion for the financial year 2020/21, the company announced this week. Chairman of Haycarb PLC and its parent company Hayleys PLC, Mohan Pandithage said that the company overcame the impact of…
The Hayleys Group delivered the highest revenue and profit in its 143-year history during FY 2020/21. The revenue increased to Rs 241.28 billion whilst Net Profit stood at Rs. 14.05 billion a 6% on Revenue. Profit attributable to shareholders recorded a healthy growth to Rs. 7.64 billion, compared to Rs. 372.42 million the previous year.…
The Sri Lankan multinational Haycarb PLC has reported revenue of Rs. 25.4 billion, profit before tax of Rs. 4.49 billion and profit after tax of Rs. 3.56 billion for the financial year 2020/21. The earnings per share of equity holders of the company was Rs. 10.25 for the year. Haycarb PLC and its parent company…
HJS Condiments, a subsidiary of Hayleys Agriculture Holdings Limited won the “Best Corporate Citizen Sustainability Project” Award at The Best Corporate Citizen Awards 2020 organized by The Ceylon Chamber of Commerce event held recently at Cinnamon Grand. . The award was presented to HJS Condiments for its innovative and groundbreaking project titled “Positioning of flavored…
Dipped Products PLC (DPL), a global leader in protective handwear and a subsidiary of Hayleys PLC, has delivered phenomenal growth in an extraordinarily challenging year to achieve the company’s highest turnover and profit before tax for the financial year ending 31 March 2021. The DPL Group’s turnover increased by 52% to Rs. 46.39 billion while…
Showcasing its dominant market leadership and brand equity, the Singer Group yesterday announced a post-tax-profit of Rs. 2.61 billion for FY 2020/21 from Rs. 427.27 million achieved in the previous year. The Group also reported a profit-before-tax of Rs. 3.82 billion, a six-fold increase, compared to 2020/21. Singer Group’s revenue increased by 23% to Rs.…
Talawakelle Tea Estates PLC (TTEL), a leading member of the Hayleys Plantations sector, set yet another benchmark in the industry as the first regional plantations company (RPC) to earn the Great Place to Work (GPTW) certification in recognition of its dedication to creating positive workplace experiences for its employees. Based on a comprehensive evaluation of…
Singer (Sri Lanka) PLC, was recently bestowed with the coveted “Retail Brand of the Year Sri Lanka 2021” award at the 11th Global Banking and Finance Review Awards-one of the most prominent events in the corporate awards calendar. Singer brought home this prestigious award for the second consecutive year, reiterating its resurgence in Sri Lanka’s…