Exports propel Hayleys to new heights | Sunday Observer

Exports propel Hayleys to new heights

15 November, 2020
Chairman Mohan Pandithage
Chairman Mohan Pandithage

The Hayleys Group’s record-breaking six months performance in the first half of FY 2020/21 was fuelled by impressive growth in its export-oriented businesses, resulting in the tripling of pre-tax profit to Rs. 5.52 billion compared to the corresponding period of last year. Performance was underpinned by solid improvements in the core performance of the Purification and Hand Protection sectors and proactive efforts on driving cost efficiencies through the ‘Haysmart’ programme. Despite numerous challenges stemming from the outbreak of the COVID-19 pandemic the Group ensured continuity of its businesses while operating under strict guidelines of the relevant authorities.

Implementation of stringent health and safety measures across all our operations and facilities and emphasis on strict hygiene practices ensured the safety of all employees.  Strong earnings of key businesses led to a significant increase in the share prices and trading activity of Haycarb PLC, Dipped Products PLC, Singer (Sri Lanka) PLC  and  Hayleys PLC signalling positive investor sentiments and strong upside potential of these shares.