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Hayleys Posts Best-ever PAT of Rs. 8.20b; Foreign Currency Earnings Exceed $443m

The Hayleys Group said yesterday it has maintained remarkable growth momentum in the first nine months of FY 2020/21, delivering its highest ever pre-tax profit of Rs. 11.51 billion which represents a tripling of profitability compared to the corresponding period of last year.

“The performance reflects exceptional growth in the core performance of the Group’s export-oriented businesses, relentless focus on cost efficiencies through the ‘Haysmart’ program and commendable improvements in the Retail and Construction Materials sectors,” Hayleys said in a statement.

The period under review reflects the strongest quarterly and cumulative nine-month performance in the Group’s operating history and demonstrates its adaptability and responsiveness in navigating complexities stemming from the operating landscape.

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