Haycarb records turnover of USD 123.33 Million and profit before tax of USD 7.9 Million for 2018/19
The Sri Lankan multinational Haycarb PLC reported revenue of USD 123.33 Million, profit before tax of USD 7.9 Million and profit after tax of USD 6.3 Million for financial year 2018/19. The earnings per share of equity holders of the company increased to USD 0.189 for the year.
The Chairman of Haycarb PLC and its parent company Hayleys PLC, Mr. Mohan Pandithage said that Haycarb posted noteworthy results through the execution of its strategic plan in a year of significant challenges in the raw material supply chain for the activated carbon business and adverse local business environment for the environmental engineering segment.
Haycarb PLC Managing Director, Mr. Rajitha Kariyawasan stated that the activated carbon business faced shortages and high cost of raw material in Thailand while the effects of shortages and high prices experienced in Sri Lanka and India up to the third quarter of the year impacted the operations negatively. The availability of raw material in Indonesia continued to be stable during the year under review contributing significantly to the results. He said that the retention of existing suppliers and broad basing the procurement network of the coconut shell charcoal supply chain in key coconut growing countries in the region, remains one of the most important initiatives of the Company in the short to the medium term. Haycarb also promoted sustainable business practices by establishing environment friendly charcoaling technology, through the Haritha Angara project in Sri Lanka and the Vertical Charcoal Kiln Project in Thailand. He added that the productivity improvement initiatives launched under the Lean Operational platform reduced costs and increased value to its loyal customers.
Mr. Kariyawasan further said, “The initiatives launched to acquire new customer accounts, access new geographies, penetrate into new market segments and enhance its value added product portfolio backed by successful new product development projects showed positive results and contributed significantly to the performance of the activated carbon business. Haycarbs’ focus on quality assurance systems is the backbone on which the company was able to provide innovative and technically superior solutions to its customers across all market & application segments.”
He noted that the environment engineering arm Puritas (Pvt.) Ltd., faced significant challenges both locally and regionally due to uncertainties in the external environment but posted satisfactory results consolidating its position as a superior provider of water and waste water purification solutions. The outlook for the environmental engineering sector remains stable with the increased awareness and growth for water and waste water purification systems in Sri Lanka and in the region. The ability to capitalize on these new opportunities has been strengthened through its strategic collaboration with Veolia Water for large scale water projects.
The sector continued to play a leading role in the CSR initiative Puritas Sath Diyawara executed by the Hayleys group of companies which currently provides 160,000 litres of safe drinking water across 19 villages in the Central and North Central Provinces of Sri Lanka that were at risk of chronic kidney disease. The company continued support to upkeep the purification plants and the expansion of the “Going Beyond” project to uplift the quality of life in the region through initiatives such as distribution of school supplies to over 2,500 school children that was successfully carried out for the 2019 academic year.
Mr. Kariyawasan stated that the company remains confident of its business model and the strategic position it holds in the coconut shell based activated carbon industry, regeneration services and the environmental engineering segment, to continue the growth trajectory of the company in an expanding global market for purification solutions backed by emphasis placed on environmental sustainability, standards and regulations globally.
Haycarb is the pioneer manufacturer of coconut shell activated carbon in any coconut producing country with manufacturing facilities in Sri Lanka, Thailand and Indonesia supported by marketing offices in the USA, UK and Australia. The company contributes net foreign exchange revenues with its value adding processes and is a leading and technologically superior manufacturer in its chosen segment.
The Board of Directors of Haycarb PLC comprises of Messrs Mohan Pandithage – Chairman, Rajitha Kariyawasan – Managing Director, Dhammika Perera, Arjun Senaratna, Sarath Ganegoda, Ms. Jeevani Abeyratne, Dr. Sarath Abayawardana, Sujeewa Rajapakse, M. S. P. Udaya Kumara, Brahman Balaratnarajah, Ms. Sharmila Ragunathan, Ali Asgar Munaver Caderbhoy, James Naylor and M. H. Jamaldeen.
Haycarb PLC and Coconut Research Institute of Sri Lanka Join Hands
Signing of MOU between Haycarb PLC and Coconut Research Institute of Sri Lanka on 22nd March 2019 for a joint collaborative research to study quality of activated carbon derived from indigenous and improved coconut cultivars in Sri Lanka.
Mr. Rajitha Kariyawasan Managing Director Haycarb PLC and Major General Ashoka Padeniya (Retd) Chairman Coconut Research Institute signed the MOU.
Haycarb PLC shines at “JASTECA Awards - 2018”
The Annual JASTECA Awards ceremony was held for the 23rd consecutive year on March 2, at the Grand Ball Room of Hotel Galadari.
Haycarb PLC was graced with a merit award under IAN DIAS ABEYSINGHE MEMORTAL CSR AWARD 2018 for the project – ‘Haritha Angara’. This is a project continued by Haycarb PLC since 2016 to prevent environmental pollution caused by traditional methods of coconut shell charcoaling. The project’s main focus is assuring a healthy livelihood for those who are involved in charcoaling and also the continuous supply of “green” coconut shell charcoal for the Activated Carbon Industry. Haycarb PLC takes pride in announcing that ‘Haritha Angara’ has successfully achieved its objectives and has set up over 150 environmental friendly charcoaling pits island wide to date and has assured livelihood for over 10,000 stakeholders in coconut shell charcoaling industry.
Haycarb records turnover of USD 85.92 million and profit before tax of USD 5.13 million for 9 months ending 31 December 2019
The Sri Lankan multinational Haycarb PLC reported revenue of USD 85.92 million and profit before tax of USD 5.13 million for the nine months ending 31st December 2018. The profit after tax stood at USD 4.04 million.
Haycarb PLC Managing Director, Mr. Rajitha Kariyawasan said that the growth in turnover is attributable to the adjustment of sales prices of activated carbon effected in the first half of the year to compensate for increases in raw material prices and increase in sales of its value added portfolio. With the availability of charcoal improving in Sri Lanka, Indonesia and India due to improved coconut crop the company has gradually passed the benefit to its valued customers, whilst facing stiff competition from India and Philippines, as largest coconut carbon producing countries in the region.
Haycarb continues to prioritize its efforts to improve efficiency in manufacturing processes and supply chain through its lean platform in order to maintain its competitiveness. The Company supports sustainable business practices through its assistance to propagate the environmental friendly charcoal pits under the “Haritha Angara” scheme in Sri Lanka and the operation of environmental friendly vertical charcoal kiln project in Thailand.
Mr Kariyawasan further said, “the Company has made significant strides in acquiring and growing new strategic customer accounts and market segments, backed by robust product development initiatives, auguring well for the growth plans of the business.”
He noted that Puritas (Pvt.) Ltd., the environmental engineering business segment, is expected to continue to be a key contributor to the Group’s performance during the remainder of the financial year despite challenging circumstances in the local and regional markets it operates.
In the background of increasing emphasis on environmental sustainability worldwide, Haycarb remains positive in its medium to long term outlook in its activated carbon and water treatment systems businesses.
Haycarb is the pioneer manufacturer of coconut shell activated carbon in any coconut producing country with manufacturing facilities in Sri Lanka, Thailand and Indonesia supported by marketing offices in the USA, UK and Australia. The company contributes net foreign exchange revenues with its value adding processes whilst remaining a leading and technologically superior manufacturer in its chosen segment.
The Board of Directors of Haycarb PLC comprises of Messrs Mohan Pandithage – Chairman, Rajitha Kariyawasan – Managing Director, Dhammika Perera, Arjun Senaratna, Sarath Ganegoda, Ms. Jeevani Abeyratne, Dr. Sarath Abayawardana, Sujeewa Rajapakse, M. S. P. Udaya Kumara, Brahman Balaratnarajah, Ali Asgar Caderbhoy, Ms. Sharmila Ragunathan, James Naylor and M. H. Jamaldeen.
Puritas Sath Diyawara: Going Beyond distributes school supply pack for 2019
Hayleys works to quench the thirst for knowledge in the North and NC Provinces
Puritas Sath Diyawara: Going Beyond distributes school supply pack for 2019
- Provides essential school supplies to 2,533 students across 11 schools
- Each school pack filled with essentials for an entire school year
Iconic diversified multinational conglomerate, Hayleys PLC successfully concluded its annual School Pack distribution for the year 2019, as part of the group’s continuing engagement with agricultural communities in the North and North Central provinces under its flagship ‘Puritas Sath Diyawara: Going Beyond’ initiative .
Running from 9th November to December 15th, ‘Puritas Sath Diyawara: Going Beyond’ encompassed 11 different schools in the Rajarata region resulting in the distribution of school packs for 2019. Each pack contained essential supplies like stationary, exercise books sufficient for a full school year, in addition to material for school uniforms, school bags, pencil cases, and water bottles which were given to 2,533 students in the region.
“We believe that access to education is one of the most powerful forces capable of empowering young Sri Lankans and that is why it is vital that we as nation, both in our professional and personal lives, continue to invest our time and resources in a manner that supports education and builds knowledge for all Sri Lankans. Our goal with Puritas Sath Diyawara: Going Beyond is firmly grounded in the belief that rural empowerment is crucial to national empowerment.
“That is why we take great pride in the growing community engagement which the Hayleys group has built up. Particularly at a time when this region has endured prolonged drought, we hope that our efforts will provide a further measure of support and comfort to these families, and help inspire a new generation to learn with passion, and ultimately empower and develop their communities and our nation as a whole,” Hayleys Chairman and Chief Executive, Mohan Pandithage said.
Distribution of school supplies was sponsored by a collection of Hayleys subsidiaries with Hayleys Fabric PLC providing sponsorship for Rathmalgahawewa Maha Vidyalaya in Kahatagasdigiliya while Alumex PLC and Hayleys Agriculture Holdings sponsored Anandodaya Vidyalaya in Thalawa and Sarakkugala Vidyalaya in Nochchiyagama respectively.
Meanwhile, Hayleys PLC sponsored both the Vijayaraja M.V and Rotawewa Tamil School in Rambewa and Welikanda while Hayleys Advantis sponsored Veeramanikkulam P.V. Balayawewa K.V. in Neriyakulam and Padaviya. Similarly, Hayleys Aventura, Haycarb PLC and Dipped Products PLC sponsored Nelumwewa M.V, Welikanda, Maithree School, Padaviya, and Parangiyawadiya M.V, Horowpothana respectively.
First initiated as part of a visionary social enterprise aimed at providing a reliable supply of clean drinking water to communities in the North and North Central provinces that have been hardest hit by Chronic Kidney Disease of unknown etiology (CKDu), the Puritas Sath Diyawara campaign has evolved to encompass holistic development of the communities through educational development, youth empowerment and enhanced opportunities for income supplementation.
To date Puritas Sath Diyawara provides 160,000 litres of clean drinking water daily to over 33,000 men, women and children across 19 villages in the North and North Central provinces since 2014. Each project is sponsored by a Group Company, and to date, the Hayleys Group has invested more than Rs.63 million in this initiative. It consists of a formalised water distribution network through a bowser and multiple docking stations throughout the village to ensure all villagers have equal access to purified water.
Over 140 years, the Hayleys Group has grown with a global presence of manufacturing and marketing offices across five regions with business interests spanning a total of 16 sectors. Today, it stands out as one of Sri Lanka’s most prominent success stories, having been the first listed Sri Lankan corporate to surpass $ 1 billion in revenue catering to over 7.6 million customers world-wide, providing direct employment to 32,000 Sri Lankans, in addition to providing indirect employment to over 20,000 people and accounting for 3.3% of the Sri Lanka’s total export earnings.
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School |
DS Devision |
Sector Sponsor |
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A/Rathmalgahawewa MV - Rathmalgahawewa |
Kahatagasdigiliya |
Hayleys Fabric PLC |
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A/ Anandodaya PV - Meegassegama |
Thalawa |
Alumex PLC
|
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A/Sarakkugala PV - Pahalakedithokkuwa |
Nochchiyagama |
Hayleys Agriculture Holdings
|
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A/ Vijayaraja M.V -Pihimbiyagollewa |
Rambewa |
Hayleys PLC |
|
P/ Rotawea Tamil School - Kudapokuna |
Welikanda |
|
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V/ Neriyakulam P.V - Neriyakulam |
Wengalecheddikulam |
Hayleys Advantis |
|
A/ Balayawewa K.V - Balayawewa |
Padaviya |
|
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P/Nelumwewa M.V - Nelumwewa |
Welikanda |
Aventura
|
|
A/ D-10 Maithree School - Maithreepura |
Padaviya |
Haycarb PLC
|
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A/ Parangiyawadiya M.V - Parangiyawadiya |
Horowpothana |
DPL |
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- Haycarb records turnover of USD 90.8 Mn and profit before tax of USD 8.1 Mn for 2014/15
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Haycarb PLC is the world's leading manufacturer and marketer of coconut shell based activated carbon solutions. We have over 35 years of experience...
View on YoutubeHayleys is one of Sri Lanka's largest multinational business conglomerates with a history spanning 134 years. We drive a globally competitive busin...
View on YoutubeHayleys is one of Sri Lanka's largest multinational business conglomerates with a history spanning 134 years. We drive a globally competitive busin...
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