Hayleys MGT Knitting Mills PLC has reported Gross Profit growth of 47 per cent to US$ 2.6 million for the six months ending 30th September 2012, signaling a turnaround by the Hayleys Group’s cotton and synthetic fabric supplier in Sri Lanka.
Sustained revenues in Hand Protection together with the contribution from Plantations have enabled Dipped Products PLC (DPL), a Hayleys Group subsidiary company and gloves manufacturer in Sri Lanka, to post strong operational results for the first half of 2012-13.
A healthy start to FY 2012-13 has seen the Hayleys Group achieve turnover of Rs 17.3 billion and profit before tax of Rs 861 million in the first quarter, with key business sectors making solid contributions to the conglomerate in Sri Lanka.
Adds 10MW of renewable, sustainable energy to National Grid Nirmalapura Wind Power (Pvt) Ltd commenced commercial operation on the 9th of August 2012, and is expected to add 10 megawatts to the National Grid through its wind turbine generators. The venture is the latest step towards boosting the power requirements of the nation through sustainable…