Kelani Valley Plantations PLC (KVPL) posted strong top and bottom line growth in the 12 months ending 31 December 2011. Releasing its fourth quarter figures to the Colombo Stock Exchange, the Hayleys Group Plantation company reported profit before tax of Rs 544.6 million despite registering a loss in tea, achieving a growth of 53 per…
Hayleys MGT Knitting Mills PLC, fabric supplier in Sri Lanka, has announced plans to float a rights issue to raise Rs 914 million for expansion and to strengthen the company’s balance sheet, subject to Colombo Stock Exchange (CSE) and shareholder approval.
Talawakelle Tea Estates PLC (TTE) and its subsidiaries have reported consolidated turnover of Rs 2.79 billion and a net loss of Rs 73.8 million for the year ending 31st December 2011, a period described by the company as ‘most challenging.’
Blue chip conglomerate in Sri Lanka posts turnover of Rs 46.4 billion at 3Q 2011-12 Hayleys PLC has more than quadrupled net profit and profit attributable to equity holders for the nine months ending 31st December 2011, in a performance that reflects the accelerated momentum of the Blue chip conglomerate in FY 2011-12.
Haycarb PLC has reported a revenue growth of 25 per cent to Rs 5.9 billion for the nine months ending 31st December 2011, with stable demand for the Company’s product portfolio supported by improvements in the global marketing, manufacturing and supply chain activities.