|
|
 |
 |
 |
| Monday, 28 February 2005 |
 |
|
 |
Business | |
| News Business Features Editorial Security Politics World Letters Sports Obituaries
|
Hayleys post-tax profit tops Rs. 1b The Hayleys Group has achieved a milestone of Rs 1.03 billion in profit after tax for the nine months ending December 31, 2004, with improved contributions from several key sectors of business. The blue chip conglomerate reported strong growth in turnover and pre and post tax profits at the end of the third-quarter. In a statement issued to the media, Hayleys said it expects strong performance for the year, despite the appreciation of the Rupee against the US Dollar in the final quarter. Highlights of the period under review include: a turnover growth of 25 per cent to Rs 13.9 billion; pre-tax profit up 57 per cent to Rs 1.3 billion; profit after tax up Rs 427 million, a growth of 70 per cent and profit attributable to shareholders up 56 per cent to Rs 573 million. Hayleys Chairman Rajan Yatawara said these figures are consistent with the group's anticipated performance for the first three quarters of the year and reflect particularly significant growth in the rubber, transportation, inland marketing and plantations sectors. The Dipped Products (DPL) Group comprising rubber glove manufacturing and marketing and plantations has already reported an 81 per cent growth in net profit for the period under review. The rubber sector represented by DPL contributed nearly 32 per cent of the Group's post- tax profit, excluding the contribution from associates.
|
|
News | Business | Features
| Editorial | Security
Produced by Lake House |
