Hayleys 3Q16 profits grow by 8% to Rs. 1.1 Billion
Leading conglomerate in Sri Lanka Hayleys PLC’s profits after tax rose by 8% Year-on-Year (YoY) to reach Rs. 1.1 billion during the quarter ended 31st December 2016 (3Q16).
Revenue during the quarter increased by a sharp 27% YoY up to Rs. 30 billion buoyed by strong performances across in the Group’s Agriculture, Construction Materials , Transportation & Logistics, and Hand Protection segments, while Operating profits expanded by 24% YoY, reflecting strong growth in core operating activities.
Haycarb records turnover of Rs. 9.4 billion and profit before tax of Rs. 768 million for Q3 2016/17
Haycarb PLC, the Sri Lankan multinational of Hayleys PLC reported revenue of Rs. 9.4 billion and profit before tax of Rs. 768 million for 9 months ending 31 December 2016. The profit after tax stood at Rs. 646 million. The turnover increased by 12%, while the profit before tax and after tax recorded a growth of 9% and 8% respectively compared to the comparative period last year.
