In a filing to the Colombo Stock Exchange this week, the blue chip conglomerate reported a revenue growth of 8 per cent from the previous financial year amounting in value terms to Rs. 80.5 billion. The group’s PBT grew to Rs. 5.1 billion whilst Profit After Tax (PAT) amounted to Rs. 3.7 billion from Rs. 3.5 billion in 2012-13. Earnings per share of the group rose to Rs. 24.11 from Rs.23.48 in the previous financial period, it was stated.
Speaking on the performance of the Group, Mohan Pandithage, Chairman and Chief Executive of Hayleys PLC noted “this year’s operating environment, as always, provided a blend of opportunities and challenges and I believe we have effectively dealt with both, in the spirit of sustainable business, to deliver value to all our stakeholders.”
Transportation and Logistics infused a strong contribution to Group performance with an annual revenue of Rs 11.9 billion and a PBT of Rs. Rs.1.25 billion, the group noted.
Under the Global Markets and Manufacturing Sector, Purification Products garnered a turnover of Rs. 10.3 billion and for the second consecutive year posted PBT of Rs.1.03 billion, it was stated.
Hand Protection remained resilient in the face of a difficult year, to record a PBT of Rs. 910 million. Construction Materials sector recorded PBT of Rs.464 million, and during the reporting period Alumex Ltd was listed on the Colombo Stock Exchange, in an Initial Public Offer, to become the 11th listed company within the Hayleys Group.