Hayleys records highest ever PBT of Rs 5 billion
The Hayleys Group recorded an exceptional financial performance in
12/13, despite challenging conditions in its key global markets and
tight macroeconomic policies in the domestic arena.
|
Mohan Pandithage |
Dhammika Perera |
In a filing to the Colombo Stock Exchange, the blue chip conglomerate
reported a turnover of Rs. 74.3 bn, a 13 % growth from the previous
financial year.
The PBT grew to Rs. 5 bn from Rs. 2.6 bn in 11/12, which was restated
in line with SLFRS/LKAS requirements. Earnings per share of the group
rose to Rs. 24.73 from Rs.13.90 in 11/12.
“The Group’s performance this financial year is very significant as
most sectors posted commendable returns, making 12/13 a historic year
for Hayleys,” said Mohan Pandithage, Chairman and Chief Executive of
Hayleys PLC.
“Three of our key sectors; Hand Protection, Purification Products and
Transportation & Logistics all individually surpassed a PBT of Rs. one
bn, which is truly remarkable,” he said.
The other sectors of the Group showed continued improvement. The
Construction Materials Sector demonstrated a strong growth and the Fibre
Sector, following the implementation of a number of strategies to
streamline operational processes, consolidated its turnaround.
Losses in the Textiles Sector were curtailed as the company
implemented a number of strategic and leadership changes. The Group
benefited from the exceptional performance of the Plantations Sector
whilst the Agriculture Sector posted commendable results despite adverse
climatic conditions. In Leisure and Aviation, the Amaya Group made a
significant contribution to the bottom line whilst The Kingsbury Hotel
commenced operations in December 2012, after a major expansion programme.
Power and Energy made a strong impact to the Group, with
contributions from Wind Power and Industrial Input segments. However,
the Consumer Sector was affected by higher interest rates, lower
consumer spending and a weaker currency. Speaking on the conglomerate’s
future outlook, Pandithage said, “This year’s performance is reflective
of our movement towards consolidation of growth. We have ably
demonstrated our capability to withstand challenges, and will continue
to grow the businesses through market enlargement, product and brand
development, R&D, value addition and constant innovation”.
The Board of Directors of Hayleys PLC comprises Mohan Pandithage,
Chairman and Chief Executive, Dhammika Perera, Deputy Chairman, Rizvi
Zaheed, Nimal Perera, Sarath Ganegoda, Rajitha Kariyawasan, Dr. Harsha
Cabral PC, Dr. Mahesha Ranasoma, Mangala Goonatileke, Ranil Pathirana,
Lalin Samarawickrama and Ruwan Waidyaratne. |