Hayleys Fabric Manager – Sustainability and Innovation Leonie Vaas becomes first Sri Lankan to win Global round of SDG Pioneers for 2021 at UN Global Compact’s Leaders Summit United Nations, New York: The United Nations Global Compact announced 10 new SDG Pioneers – business leaders who are doing an exceptional job to advance the Sustainable…
Amaya Leisure PLC has been renamed as Hayleys Leisure PLC with effect from 30 June 2021, though the properties will retain the Amaya brand. Hayleys and related companies control 65% stake of the venture. Amaya Leisure group comprises of 10 properties, including one in the Maldives. The subsidiaries are Culture Club Resorts, which runs Amaya…
The purchase of South Asia Textiles Limited by Hayleys Fabric PLC could in the short-term weigh on the combined entity earnings due to decline in margins and the increase in finance cost stemming from the borrowings, which may have been made to fund their April acquisition. Hayleys Fabric PLC on April 23 paid Rs.3.95 billion…
Talawakelle Tea Estates PLC (TTEL), a leading member of the Hayleys Plantations Sector, obtained the Gold status for all three steps of Measure, Reduce and Contribute under the Climate Neutral Now (CNN) initiative of the United Nations Framework Convention on Climate Change (UNFCCC), setting another regional benchmark in the plantations industry. One of several initiatives…
The pace of business growth could moderate at Dipped Products PLC in the medium term after the global glove maker for industrial and medical needs recorded soaring sales fuelled mostly by the pandemic and the shift in sales from a key global supplier, which together pushed the firm’s profits to its highest-ever levels. The Hayleys…
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…