Turnover up 15% to Rs 62.5 billion in 2011-12; net profit grows to Rs 3.8 billion A challenging operating environment notwithstanding, Hayleys Group has posted its best annual earnings in the history of the 134 year old conglomerate in Sri Lanka, tripling net profit in FY 2011-12.
A series of acquisitions and planned developments over the next financial year are projected to lead to more than doubling the capacity of Amaya Leisure PLC, as the Hayleys conglomerate’s hospitality sector company gears to respond to the growth expectations of Sri Lanka’s tourism industry. Fortified by robust performance indicators in the first nine months…
Kelani Valley Plantations PLC (KVPL) posted strong top and bottom line growth in the 12 months ending 31 December 2011. Releasing its fourth quarter figures to the Colombo Stock Exchange, the Hayleys Group Plantation company reported profit before tax of Rs 544.6 million despite registering a loss in tea, achieving a growth of 53 per…
Hayleys MGT Knitting Mills PLC, fabric supplier in Sri Lanka, has announced plans to float a rights issue to raise Rs 914 million for expansion and to strengthen the company’s balance sheet, subject to Colombo Stock Exchange (CSE) and shareholder approval.
Talawakelle Tea Estates PLC (TTE) and its subsidiaries have reported consolidated turnover of Rs 2.79 billion and a net loss of Rs 73.8 million for the year ending 31st December 2011, a period described by the company as ‘most challenging.’
Blue chip conglomerate in Sri Lanka posts turnover of Rs 46.4 billion at 3Q 2011-12 Hayleys PLC has more than quadrupled net profit and profit attributable to equity holders for the nine months ending 31st December 2011, in a performance that reflects the accelerated momentum of the Blue chip conglomerate in FY 2011-12.
Haycarb PLC has reported a revenue growth of 25 per cent to Rs 5.9 billion for the nine months ending 31st December 2011, with stable demand for the Company’s product portfolio supported by improvements in the global marketing, manufacturing and supply chain activities.
Hayleys PLC has reported profit before tax of Rs 3.6 billion for the six months ending 30th September 2011; nearly triple that of the first half of 2010-11. Improved operational indicators in most key sectors of business and substantial capital gains from disposal of investment by some group companies were contributors to this performance.
Haycarb PLC has reported revenue growth of 21 per cent to Rs 3.8 billion for the six months ending 30th September 2011, with stable demand in global markets and the company’s reliable supply stream of high quality carbons with a product mix of value-added carbons protecting its top line in a period of narrowing margins.…
Dipped Products PLC, (DPL) the Hayleys Group’s multi-national gloves manufacturer in Sri Lanka, has posted striking top and bottom line growth for the first half of 2011-12, with higher performance-based growth in manufacturing and capital gains from the sale of shares in the second quarter of the year. Helped by softening latex prices and strategic…