Hayleys PLC, posted Rs.1.03 billion in Profits Before Tax (PBT) for the first quarter of the 2016/17 financial year. Revenue reached Rs. 24.13 billion, continuing the topline growth momentum from the last financial year.
The Agriculture, Purification Products, Construction Material,Eco Solutions, and Power and Energy Sectors saw appreciable profit growth over the same period in the previous year. All sectorsmade positive contributions to the bottomline except for the Plantation sector, where industrywide challenges continue to dampen sector performance.
During the period, the Leisure Sector acquired a Maldivian luxury resort in the South Ari Atoll close to the popular KudarahThila dive site. The Kudarah Island Resort which has 51 luxury villas is the group’s first leisure sector investment outside Sri Lanka and will be operated under its flagship Amaya Resorts and Spas.
Hayleys Chairman and Chief Executive Mohan Pandithage said the acquisition of the Kudarah Island Resort fulfills a long felt need to operate a resort in the Maldives to compliment the diversity under their Leisure Sector.
The Agriculture, Purification Products, Construction Material,Eco Solutions, and Power and Energy Sectors saw appreciable profit growth over the same period in the previous year. All sectorsmade positive contributions to the bottomline except for the Plantation sector, where industrywide challenges continue to dampen sector performance.
During the period, the Leisure Sector acquired a Maldivian luxury resort in the South Ari Atoll close to the popular KudarahThila dive site. The Kudarah Island Resort which has 51 luxury villas is the group’s first leisure sector investment outside Sri Lanka and will be operated under its flagship Amaya Resorts and Spas.
Hayleys Chairman and Chief Executive Mohan Pandithage said the acquisition of the Kudarah Island Resort fulfills a long felt need to operate a resort in the Maldives to compliment the diversity under their Leisure Sector.
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