Sri Lanka conglomerate Hayleys turnover up by 20% YOY to Rs. 62.4 billion in 1H of FY17/18
Fueled by topline growth across all of its key business segments, Sri Lankan conglomerate Hayleys PLC posted a 20% Year-on-Year (YoY) increase in turnover up to Rs. 62.4 billion.
The Group has continuously infused higher levels of investment into key business segments with a view to enhancing growth potential over the medium-long term. These investments were also reflected in the Group's net finance cost, which rose to Rs. 1.9 billion while group profit before tax for the period stood at Rs. 1.4 billion in first half of Fiscal Year 2017/18 (1H17/18).
In that context, Hayleys Group achieved significant benchmarks during the period in review, particularly in relation to its recent acquisition of a 61.73% of the issued share capital of Singer ( Sri Lanka) PLC for a consideration of Rs. ...