Prominent Sri Lankan conglomerate Hayleys PLC concluded the 2016/17 financial year with its strongest performance to-date, setting a new benchmark for the turnover among listed Sri Lankan corporates.
According to compony statement "Revenue during the year increased by 21% Year-on-Year (YoY) to Rs. 111.4 billion supported by strong performances across the Group’s core businesses spanning Transportation, Purification, Agriculture , Construction Materials and Power & Energy,. This lead to a substantial 14% YoY improvement on the Group’s results from operating activities, which closed the year at Rs. 9.67 billion.
These remarkable performances enabled the Group to cross another important milestone during the year to post its highest ever Profit Before Tax of Rs. 7.03 billion."
All of the group’s top 5 performing sectors were able to register PBTs in excess of Rs. 1 billion. Transportation and Logistics recorded a PBT of Rs. 1.79 billion, Purification Products posted a PBT of Rs. 1.18 billion, and the Group’s Agriculture segment achieved a PBT of Rs. 1.1 billion, statement further stated.
Hayleys PLC, established in 1878, is one of Sri Lanka’s largest multinational business conglomerates driving a globally competitive business portfolio cutting across manufacturing, agriculture and services.