Hayleys strikes Gold with 12 awards | Page 2 | Sunday Observer

Hayleys strikes Gold with 12 awards

Mohan Pandithage
Mohan Pandithage

The Hayleys Group recorded a stellar performance at the CA Sri Lanka’s 54th Annual Report Awards ceremony at the Shangri-La Hotel recently.

The Group received 12 awards, including eight Gold Awards in addition to being presented with the coveted Gold Award for Overall Excellence in Financial Reporting.

“The outstanding performance of the Hayleys Group and its subsidiaries at this year’s awards is testimony of our commitment to these values,” Hayleys Chairman and Chief Executive, Mohan Pandithage said. Hayleys PLC was also awarded two more Gold Awards for its Management Commentary and in the category award for Diversified Holdings above 10 subsidiaries.

Similarly dominant performances were recorded across the Hayleys Group with Dipped Products PLC and Hayleys Fabric PLC taking the Gold and Silver Awards within the category of Manufacturing Companies with turnover above Rs. 5 billion.

Matching this outstanding performance, the group’s Plantation sector companies - Talawakelle Tea Estates PLC and Kelani Valley Plantations PLC were crowned Gold and Silver category winners while Alumex PLC and Regnis (Lanka) PLC were presented with Gold and Bronze Awards in the Manufacturing Companies with a turnover up-to Rs. 5 billion category.

Hayleys’ most recently acquired subsidiary, Singer (Sri Lanka) PLC also received a Gold Award in the Trading Companies category while Singer Finance (Lanka) PLC was presented with the Gold Award in the category of Finance Companies and Leasing Companies with total assets up to Rs. 20 billion.

Hayleys Advantis, was crowned Gold Award winner in the Service Organisations category.

Additional Certificates of Compliance were also presented to Haycarb PLC in the Manufacturing Companies with a turnover above Rs. 5 billion, and Horana Plantations PLC in the Plantation Companies category and the group’s two hotel sector subsidiaries - Amaya Leisure PLC and The Kingsbury Hotel PLC - in recognition of the strong standard in financial reporting displayed in each of their annual reports.