Haycarb’s 1H sales Rs 3.8 billion, PBT Rs 334 million
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.
In results filed with the Colombo Stock Exchange, the Hayleys Group’s top notch activated carbon manufacturing business reported profit before tax of Rs 334 million and net profit of Rs 279 million for the six months.
Dipped Products posts improved 1H results
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 initiatives by management, Local Manufacturing improved volumes by 10 per cent and increased FOB turnover by 41 per cent to Rs 4.1 billion, enabling the Hand Protection sector to contribute Rs 7 billion (up 27 per cent) to the Group’s six month turnover of Rs 9.6 billion.
