Hayleys 1Q turnover grows

A healthy start to FY 2012-13 has seen the Hayleys Group achieve a turnover of Rs 17.3b and a profit before tax of Rs 861m in the first quarter, with key business sectors making solid contributions.

According to statements filed with the Colombo Stock Exchange, the blue chip conglomerate's revenue for the three months ending June 30, 2012 reflected a growth of 17 percent, with hands protection, Rs 3.4b, purification products, Rs 2.7b, transportation, Rs 2.2b and plantations, Rs 2b as the leading contributors.

All these sectors with the exception of plantations improved their contribution to revenue and profit before interest and tax (PBIT), while fibre and textiles, two previously troubled sectors, also achieved noteworthy revivals, the company said.