Hayleys posts Rs 6.8 b PBT
Increase in Earnings per Share:
Hayleys PLC posted Profit before Tax (PBT) of Rs. 6.8 billion for the
financial year 2015/16, a 7% increase over the previous year.
Earnings per Share (EPS) increased to Rs. 40.05 from Rs. 34.42 per
share in the previous year. This strong growth reflects the
effectiveness of the Conglomerate’s focused strategy on expanding its
core business sectors and ended the year with a Group turnover of Rs. 92
bn. The Group’s Income Tax paid during the year, inclusive of Super Gain
Tax, amounted to Rs 2.3 bn.
Hayleys PLC Chairman and Chief Executive, Mohan Pandithage said,
“Hayleys has focused on the segments with the greatest long-term growth
potential and I am extremely pleased to note that all our sectors have
shown profitability while we have further strengthened our market
leadership in most of the sectors we operate in.” The Transportation and
Logistics Sector contributed Rs. 1.5 billion Profit Before Interest and
Tax (PBIT) in profits to the group bottom line.
The sector has continued to drive new business opportunities both
locally and internationally and has introduced a number of outstanding
innovations across its business segments that boost its service
offerings. Among the noteworthy new ventures is the Hayleys - Free Zone,
a state-of-the-art entreport trade facility, including cold storage,
which offers businesses the opportunity to value-add and repackage
products for export. |