Hayleys PLC ranked Number One Corporate Citizen for the 5th year at the Best Corporate Citizens Sustainability Awards 2016

Clinches six top notch awards Including the Grand Slam award for winning the Award 5 times

 

25th November 2016: Hayleys PLC emerged victorious at the Best Corporate Citizen Sustainability Awards 2016 winning the top spots in the categories – Best Employee Relations, Triple Bottom Line – Winner Social Sustainability, The most Diversified Sector, Top 10 Corporate Citizens Award, and the title of Best Corporate Citizen 2016. In addition, the Group clinched the Grand Slam Award for winning the Best Corporate Citizen title five times in total.  The annual Best Corporate Citizen Sustainability awards ceremony is organized by the Ceylon Chamber of Commerce, the country’s premier business chamber, to recognize sustainable champions of the corporate world in Sri Lanka.

“It is a great honour to be recognized at the country’s premier sustainability awards event. Corporate sustainability has always been a part of our DNA and is an inherent part of the Hayleys way of life. We optimise the combined effect of the Group’s diverse business operations and strategic and robust sustainable initiatives to ensure a big impact on the nation, and this has always been the winning formula for our sustained success.” commented Mohan Pandithage, Chairman/Chief Executive, Hayleys PLC. Elaborating further he added “We strive to engage all our stakeholders in our sustainable growth agenda and this cohesive effort has made a big impact on the triple bottom line.”

The Best Corporate Citizen Awards event is organised with the intention of promoting Strategic Corporate Sustainability and CSR within the business sector in Sri Lanka. The award is open for both private and public entities and the winners are selected through the most stringent selection criteria. Since 2001, Hayleys has been a signatory and an active supporter of the United Nations Global compact.

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Hayleys Q1 revenues up, PBT above Rs. 1 billion

Hayleys PLC, posted Rs.1.03 billion in Profits Before Tax (PBT) for the first quarter of the 2016/17 financial year. Revenue reached Rs. 24.13 billion, continuing the topline growth momentum from the last financial year.

The Agriculture, Purification Products, Construction Material, Eco Solutions, and Power & Energy Sectors saw appreciable profit growth over the same period in the previous year. All sectors made positive contributions to the bottom line except for the Plantation sector, where industrywide challenges continue to dampen sector performance.

During the period, the Leisure Sector acquired a Maldivian luxury resort in the South Ari Atoll close to the popular Kudarah Thila dive site. The Kudarah Island Resort which has 51 luxury villas is the group’s first leisure sector investment outside Sri Lanka and will be operated under its flagship Amaya Resorts and Spas.

Mr. Mohan Pandithage, the Chairman and Chief Executive of Hayleys PLC stated, “The acquisition of the Kudarah Island Resort fulfills a long felt need to operate a resort in the Maldives to compliment the diversity we offer under our Leisure Sector”.

Mr. Pandithage also commenting on the acquisition of a 75% equity stake in Fentons Ltd in mid-March 2016 said “Both Hayleys and Fentons share a rich heritage and similar and strong value systems. We believe the acquisition will positively contribute to the Group’s growth and profitability turnover, ‘considering the growth in the country’s infrastructure and support services sector. Fentons Group is a 95 year old company with expertise in integrated solutions for Building Systems Infrastructure, ICT infrastructure and fire protection that will extend our scope in Construction Sector.

“I would also like to commend the Puritas Sath Diyawara team who spearheaded our corporate CSR initiative, for completing the installation of 11 water purification plants in the areas worst affected by Chronic Kidney Disease in the Anuradhapura, Polonnaruwa, Vavuniya and Mullaitivu districts, providing clean drinking water for over 25,000 people living across 16 villages.” Hayleys Puritas Sath Diyawara was awarded the prestigious Asia Responsible Entrepreneurship Award 2016 (AREA), in the Health Promotion and Social Empowerment categories.

“We are confident that our recent acquisitions and our current strategic direction will set the stage for another high performing year for the Hayleys group,” Mr. Pandithage added.
The Board of Directors of Hayleys PLC comprises Messrs Mohan Pandithage (Chairman and Chief Executive), Dhammika Perera (Co-Chairman), Rizvi Zaheed, Nimal Perera, Sarath Ganegoda, Rajitha Kariyawasan, Dr. Harsha Cabral PC, Dr. Mahesha Ranasoma, Lalin Samarawickrama, Ruwan Waidyaratne and Hisham Jamaldeen.
ENDS

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Hayleys posts Rs. 1.5 billion in Q3 profits

Hayleys PLC, posted Rs. 1.5 billion in Profit Before Tax (PBT) for the quarter.. PBT for the nine months ending December 2015 was at Rs. 4.2 billion, whilst turnover reached Rs. 67.6 billion.
The Transportation and Logistics, Purification, , Agriculture, Construction Materials , Industrial Inputs and Leisure segments of the business recorded growth during the period under review.

The Group’s results also reflect the challenges faced by the Plantations and Hand Protection sectors during the nine months in review. The Plantation sector faced a number of challenges during the year including the global commodities crash which caused lower tea and rubber prices , and lackluster demand from traditional markets, compounded by inclement weather in Sri Lanka.
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Haycarb records turnover of Rs. 8.4 billion and PBT of Rs. 702 million for 3Q 2015/16

haysaThe Sri Lankan multinational Haycarb PLC reported a revenue growth of 5% to Rs. 8.4 billion and
profit before tax of Rs. 702 million for nine months ending 31st December 2015. The profit after tax
stood at Rs. 600 million.

Commenting on the financial results, Haycarb PLC Managing Director, Mr. Rajitha Kariyawasan said,
“The Company operated under adverse market conditions in its export markets due to the economic
downturn and currency devaluation / volatility in its major markets in Europe, Russia, China and
Australia and the continued overall depressed conditions in the gold industry. In addition the high
cost of charcoal imports to Sri Lanka and the increase in charcoal prices in Indonesia and Thailand
impacted the profit margins. Given the challenges in the external environment, focus on lean
manufacturing practices and the savings that continue to accrue from energy saving initiatives
launched previously helped to maintain profitability.”

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Hayleys PLC – Sri Lanka’s No.1 Listed Company

lmd Hayleys PLC was ranked the No.1 company in the LMD’s Top 100 listed companies of Sri Lanka. The award was received by Chairman & Chief Executive, Hayleys Plc, Mr. Mohan Pandithage at a gala event organized by CIMA-LMD this week.

Many business sectors of the Hayleys Group have been leaders in their respective sectors for the past 137 years, by practicing integrity, enduring customer value, good citizenship, accountability, teamwork and most importantly the respect of people.
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Dipped Products Limited (DPL) sponsors Hayleys’ Group ‘Puritas Sath Diyawara’ project in the CKD affected NC region

The Hayleys Group of Companies will launch its seventh Reverse Osmosis (RO) plant on the 20th of November 2015 in Parangiyawadiya in the North Central Province.
The project funded by Dipped Products Limited (DPL) will provide clean drinking water for over 1,250 people in the village. An estimated 56 cases of CKD have been reported from the village located close to Horowapothana in the North Central Province.
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Hayleys performs strongly despite a challenging operating environment

9-percent-increaseHayleys PLC recorded Profit before Tax (PBT) of Rs. 2.7 billion for the six months ending September 2015. The bottom line was supported by strong results from the Transportation and Logistics, Agriculture, Purification Products, Leisure , Textiles, Construction Materials and Industrial Inputs Sectors.

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DPL First Half Records Rs.10.9Bn Revenue

Group turnover for the 1st half of the financial year was Rs. 10.9 billion, compared to Rs.15.1 billion for the same period of the previous year. The Hand Protection sector contributed a modest Rs 6.18 billion to the Group’s top line, while the Plantation sector recorded a turnover of Rs. 5 billion for the period.

The Group PBT for the 1st half was Rs.227.4 million. The PBT was affected by the losses made in the Plantation sector amounting to Rs.117 million during the period. The Plantation sector was impacted by lower prices both in rubber and tea.

Established in 1976, Dipped Products is one of the leading non-medical rubber glove manufacturers in the world, and accounts for a 5 percent share of the global market. The company’s products now reach 68 countries.

The Board of Directors of Dipped Products PLC comprises Messrs. Mohan Pandithage (Chairman), Dr. K. I. M. Ranasoma (Managing Director), Dhammika Perera, R. K. Witanachchi (Deputy Managing Director), F. Mohideen, K. A. L. S. Fernando, S. C. Ganegoda, M. Bottino, S. Rajapakse, N. A. R. R. S Nanayakkara, S. P. Peiris and K.D.G.Gunaratne.

 

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Haycarb records turnover of Rs. 5.5 billion and PBT of Rs. 417 million for 1H 2015/16

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The Sri Lankan multinational Haycarb PLC reported a revenue growth of 6% to Rs. 5.5 billion and profit before tax of Rs. 417 million for six months ending 30th September 2015. The profit after tax stood at Rs. 351 million.

Haycarb PLC Managing Director, Mr. Rajitha Kariyawasan said, “Even though the raw material prices in Sri Lanka stabilized in the first half of the year, the current trend of increasing raw material prices in India, Sri Lanka and Indonesia, difficulty in sourcing adequate quantities of raw material at competitive prices and the intense competition in global markets due to the depressed gold industry and competition from low cost manufacturers from Philippines , India and Indonesia remain key challenges.” Haycarb has launched initiatives to strengthen raw material supply chain networks and build partnerships through providing technology and funding of environment friendly charcoaling technology in Sri Lanka and overseas.

He further noted that the lean initiatives implemented last year targeting increases in throughput and energy saving projects impacted the bottom line favourably in the 1H of 2015/16. The new product development and commercialization resulted in the addition of several new products and accounts to the sales portfolio that further helped to preserve overall margins. Mr. Kariyawasan stated that Haycarb Group will continue to focus on product and process improvements through its Lean Projects and R&D initiatives in 2015/16.

Puritas (Pvt.) Ltd, the environmental engineering arm of the Group is successfully expanding in to other countries in the region and Mr. Kariyawasan said that significant growth is expected from this segment of the business in the medium term.

Mr. Kariyawasan added that the Company remained confident of the medium to long term outlook of the industry and Haycarb’s role and positioning as a leading player in activated carbon solutions and purification systems. The competitiveness & reliability of its supply chain, focused marketing initiatives in key segments and geographies, continued efforts on value added carbons combined with rapid expansion of its environmental engineering arm is key to its longer term growth and sustainability.

Haycarb is the pioneer manufacturer of coconut shell activated carbon in any coconut producing country with manufacturing facilities in Sri Lanka, Thailand and Indonesia supported by marketing offices in the USA, UK and Australia. The company contributes net foreign exchange revenues with its value adding processes whilst remaining a leading and technologically superior manufacturer in its chosen segment.

The Board of Directors of Haycarb PLC comprises of Messrs Mohan Pandithage – Chairman, Rajitha Kariyawasan – Managing Director, Dhammika Perera, Arjun Senaratna, Sarath Ganegoda, Mrs. Jeevani Abeyratne, Dushantha Ranaraja, Nimal Perera, Dr. Sarath Abayawardana, Sujeewa Rajapakse, M. S. P. Udaya Kumara and Brahman Balaratnarajah.

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Kingsbury signs Management Agreement with Platinum Realty

Platinum Sign off AgreementThe Kingsbury PLC, the luxury five star city hotel in Colombo signed the Management Agreement with Platinum Realty Investments (Private) Limited to manage its Platinum 1 apartment complex.

Platinum 1 is a 20 storey apartment complex located at No.1, Bagatalle Road, Colombo 3, comprising of 66 apartments plus 4 penthouses. The complex would have other residential amenities on the 4th floor- with a swimming pool, spa, gym, and restaurants.

The property would be branded as “Platinum 1 by Kingsbury”, on the theme of “promise of luxury”, catering to the growing demand for luxury serviced apartments in the city of Colombo.

The Management Agreement would come into effect from 1st April 2016 for a period of 10 years.

The Kingsbury PLC comes under the umbrella of the diversified blue chip conglomerate Hayleys Group.

The picture captures the exchange of the agreements between the Chairman Kingsbury PLC –Mr. Mohan Pandithage and the Chairman of Platinum Realty Investments (Private) Limited Mr. Subba Rao Dukkipati

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