Hayleys Fibre plc Announces Earnings Results for the Second Quarter and Six Months Ended September 30, 2018
November 01, 2018 at 07:08 am EDT
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Hayleys Fibre PLC announced earnings results for the second quarter and six months ended September 30, 2018. For the six months, the company reported revenue was LKR 517,951,000 against LKR 229,746,000 a year ago. Profit from operations was LKR 30,821,000 against LKR 7,144,000 a year ago. Profit before taxation was LKR 90,436,000 against LKR 50,993,000 a year ago. Profit was LKR 81,729,000 against LKR 46,921,000 a year ago. Earnings per share was LKR 10.22 against LKR 5.87 a year ago.
For the quarter, the company reported revenue was LKR 285,167,000 against LKR 120,003,000 a year ago. Profit from operations was LKR 12,784,000 against LKR 3,239,000 a year ago. Profit before taxation was LKR 44,299,000 against LKR 24,145,000 a year ago. Profit was LKR 40,063,000 against LKR 22,174,000 a year ago. Earnings per share were LKR 5.01 against LKR 2.77 a year ago.
Hayleys Fibre PLC is a Sri Lanka-based company, which is primarily involved in the manufacture and export of coir fibre products. The Company is a total solutions provider for a range of applications based on coconut fibre and coir fibre in Sri Lanka. Its coconut fibre-related products and services include Bio-Engineering, Horticulture & Bedding, Coir Twine & Yarn, Growing Media and a variety of industrial applications. It also produces polyurethane mattresses and other related products for local markets. The Companyâs product portfolio includes coir fibre pith, husk chips, chopped fibre, grow blocks, grow bales, grow bags, coir twine, coir twisted fibre, fibre in raw form, erosion control solutions, stitched blankets, geo textiles, geo logs & pillows, polyurethane mattresses, pillows and cushions. The Company uses coir pith and coconut husk chips as soil substrate for cultivation. Its subsidiaries include Bonterra Ltd, and Creative Polymats (Pvt) Ltd.