Haycarb records turnover of USD 64 million and profit before tax of USD 5.2 million for Q3 2016/17
Haycarb PLC, the Sri Lankan multinational of Hayleys PLC reported revenue of USD 64 million and profit before tax of USD 5.2 million for 9 months ending 31 December 2016. The profit after tax stood at USD 4.3 million. The turnover increased by 12%, while the profit before tax and after tax recorded a growth of 9% and 8% respectively compared to the comparative period last year.
Haycarb PLC Managing Director Mr. Rajitha Kariyawasan said that the company continued to face challenges in some locations due to the shortage of charcoal that was driven by adverse weather conditions that prevailed in 2016. However, the company’s initiatives to strengthen raw material supply chain networks in other key locations contributed to sustaining charcoal supplies to support Group’s growing demand.
Mr. Kariyawasan further said, “the company continues to invest in acquisition of new customer accounts and product segments backed by continued focus on product development and commercialization of value added products that shows positive results. We also continued to expand sales volumes globally in our key markets. The challenges of cost increases were partially offset through lean and productivity improvement measures that resulted in increased efficiencies in processes and supply chain.”
He further noted that the Environmental Engineering arm, Puritas (Pvt.) Ltd., continued to make steady progress increasing its regional presence and is expected to continue its growth momentum.
Commenting on the future prospects and growth of the Group, Mr. Kariyawasan said that the company remains positive to achieve medium to long term growth in the background of increasing emphasis on environmental sustainability worldwide through the execution of its strategic plan for growth and diversification.
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.
Hayleys PLC ranked Number One Corporate Citizen for the 5th year at the Best Corporate Citizens Sustainability Awards 2016
25th November 2016
Clinches six top notch awards Including the Grand Slam award for winning the Award 5 times
Hayleys PLC, the parent company of Haycarb PLC, emerged victorious at the Best Corporate Citizen Sustainability Awards 2016 winning the top spots in the categories - Best Employee Relations, Triple Bottom Line – Winner Social Sustainability, The most Diversified Sector, Top 10 Corporate Citizens Award, and the title of Best Corporate Citizen 2016. In addition, the Group clinched the Grand Slam Award for winning the Best Corporate Citizen title five times in total. The annual Best Corporate Citizen Sustainability awards ceremony is organized by the Ceylon Chamber of Commerce, the country’s premier business chamber, to recognize sustainable champions of the corporate world in Sri Lanka.
“It is a great honour to be recognized at the country’s premier sustainability awards event. Corporate sustainability has always been a part of our DNA and is an inherent part of the Hayleys way of life. We optimise the combined effect of the Group’s diverse business operations and strategic and robust sustainable initiatives to ensure a big impact on the nation, and this has always been the winning formula for our sustained success.” commented Mohan Pandithage, Chairman/Chief Executive, Hayleys PLC. Elaborating further he added “We strive to engage all our stakeholders in our sustainable growth agenda and this cohesive effort has made a big impact on the triple bottom line.”
The Best Corporate Citizen Awards event is organised with the intention of promoting Strategic Corporate Sustainability and CSR within the business sector in Sri Lanka. The award is open for both private and public entities and the winners are selected through the most stringent selection criteria. Since 2001, Hayleys has been a signatory and an active supporter of the United Nations Global compact.
Haycarb records turnover of Rs. 5.9 billion (USD 40.7 Mn) and profit before tax of Rs. 458 million (USD 3.1 Mn) for 1H 2016/17
Haycarb records turnover of Rs. 5.9 billion (USD 40.7 Mn) and profit before tax of Rs. 458 million (USD 3.1 Mn) for 1H 2016/17
The Sri Lankan multinational Haycarb PLC reported a revenue of Rs. 5.9 billion (USD 40.7 Mn) and profit before tax of Rs. 458 million (USD 3.1 Mn) for the six months ending 30thSeptember 2016. The profit after tax stood at Rs. 374 million (USD 2.5 Mn). The turnover increased by 8%, while the profit before tax and after tax recorded a growth of 10% and 7% respectively compared to the first half of the previous year.
Haycarb PLC Managing Director Mr. Rajitha Kariyawasan said that while the company’s initiatives to strengthen raw material supply chain networks in Sri Lanka and Thailand have made progress, the raw material supply chain in Indonesia faced setbacks due to adverse weather conditions and increased exports of charcoal.
He further said that “while depressed conditions in the gold mining sector continues to impact the profitability, the raw material situation in Indonesia will be an additional challenge the company will have to contend with, in the short term. On a positive note he added that successes in marketing and new product development initiatives resulting in the acquisition of new customer accounts and product segments increased the market reach of the company which is reflected in the improved top and bottom line. This was complemented by lean initiatives that streamlined processes which brought in cost efficiencies and productivity improvements.” He expressed confidence that the environmental engineering arm Puritas (Pvt.) Ltd., will continue on its strong growth trajectory in the second half of the year.
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 will be at The Mining Show!
Visit us at The Mining Show - Dubai, UAE on 25th and 26th October to discuss on the most suitable activated carbon for your gold mine!
Stand #D40
Visit Eurocarb at FILTECH 2016
Eurocarb is currently exhibiting at FILTECH 2016, held in Colonge, Germany during October 11-13! Please visit us for your activated carbon requirements at Stand No. K2 and Hall 11.1
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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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