INVESTMENT AND SERVICES
Hayleys PLC is a holding company that owns equity investments in the numerous companies constituting the Hayleys Group.
The centre at Hayleys PLC provide management services to the Group. These include Treasury Unit (TU), the Strategic Business Development Unit (SBDU), Group Legal, Management Audit & System Review Department (MA & SRD), Corporate Affairs Unit (CAU), Information Technology (IT), Tax, HR and Related Services such as Corporate Communications, Corporate Premises Management Division, and Finance.
Hayleys makes strong start to 2011-12 with 1Q PBT of Rs 854 million
Significantly better operational results from most sectors of business have enabled Hayleys PLC to make a vigorous start to FY 2011-12 with striking top and bottom line growth in the first quarter.
In results released to the Colombo Stock Exchange, the Blue chip conglomerate in Sri Lanka reported that profit before tax for the three months ending 30th June 2011 grew 60 per cent to Rs 854 million, while net profit was up 72 per cent to Rs 606 million, half of the preceding full year’s post-tax profit.
Dipped Products surges into 2011-12 with improved growth
Similar contributions from Hand Protection and Plantations in the first quarter of 2011-12 have generated noteworthy growth for Dipped Products PLC, (DPL) the Hayleys Group’s globally-significant rubber gloves manufacturer in Sri Lanka.
Turnover increased by a solid 43 per cent to Rs 4.7 billion in the quarter reviewed, with the Hand Protection segment contributing Rs 3.4 billion following top line growth of 33 per cent, and Plantations, which achieved revenue growth of 62 per cent in the sector’s first quarter, chipping in with Rs 1.5 billion.
