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.
|
School |
DS Devision |
Sector Sponsor |
|
A/Rathmalgahawewa MV - Rathmalgahawewa |
Kahatagasdigiliya |
Hayleys Fabric PLC |
|
A/ Anandodaya PV - Meegassegama |
Thalawa |
Alumex PLC
|
|
A/Sarakkugala PV - Pahalakedithokkuwa |
Nochchiyagama |
Hayleys Agriculture Holdings
|
|
A/ Vijayaraja M.V -Pihimbiyagollewa |
Rambewa |
Hayleys PLC |
|
P/ Rotawea Tamil School - Kudapokuna |
Welikanda |
|
|
V/ Neriyakulam P.V - Neriyakulam |
Wengalecheddikulam |
Hayleys Advantis |
|
A/ Balayawewa K.V - Balayawewa |
Padaviya |
|
|
P/Nelumwewa M.V - Nelumwewa |
Welikanda |
Aventura
|
|
A/ D-10 Maithree School - Maithreepura |
Padaviya |
Haycarb PLC
|
|
A/ Parangiyawadiya M.V - Parangiyawadiya |
Horowpothana |
DPL |
Haycarb records turnover of USD 55 million and profit before tax of USD 3.1 million for H1 2018/19
The Sri Lankan multinational Haycarb PLC reported revenue of USD 55 million and profit before tax of USD 3.1 million for the six months ending 30th September 2018. The profit after tax stood at USD 2.6 million.
Haycarb PLC Managing Director, Mr. Rajitha Kariyawasan said that the adjustment of sales prices due to the sharp increases in raw material cost resulted in the growth in turnover. As the shortage and cost escalation of raw material, coconut charcoal, continued during the first half of the year in most of the supply locations, Haycarb focussed on its lean platform, targeted cost saving initiatives and process improvements to minimise price escalations to our customers while protecting the Group’s profitability. Considerable success achieved from product development efforts to expand its value added product portfolio strongly contributed to the overall business performance.
Mr. Kariyawasan said, “Though we are expecting improved coconut crop and charcoal availability in most of our locations in the 2019 coconut season, the Company is expecting a challenging period due to the increased competition from key coconut carbon producing countries.” He further noted that Haycarb’s strategy of broad basing the raw material supply network and support for environment friendly charcoaling methods under its flagship initiative “Haritha Angara” has contributed to the improvement of sustainable charcoal supply, which will be continued as a core supply chain strategy of the Group.
Mr. Kariyawasan 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 2nd half of the year with projected growth in its business in water and waste water treatment systems in Sri Lanka and in the Region.
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 Super Star
‘Haycarb Super Star’ – A singing competition held for Haycarb employees, concluded with its grand finale held on 22nd September 2018, at Avenra Gangaara, Wennappuwa during the company annual get-together. Mr. Sanjaya Senevirathne from Recogen Plant won the title with his superior talent, beating four other finalists who competed in the grand finale.
The first round of the event was held in August with 33 participants competing from Madampe, Badalgama and Recogen Factories, Puritas and Head Office in Colombo. Only 15 participants made it to the 2nd round, which was narrowed later to 5 participants winning entry to the final round.
Mr. Darshana Lalith Kumara, Mr. D S P Danasiri, Mr. Nishan Suranjith Abeysinghe, Mr. Sanjaya Senevirathne and Mr. Kosala Senanayake competed for the coveted titled at the grand finale held on 22nd September, entertaining a crowd of over 1200 which comprised of Haycarb employees and their families.
Competitors were provided support by groups of dedicated fans cheering them on during the event. Mr. Sanjaya Senevirathne, the winner of the competition, was awarded by Mr. Mohan Pandithage - Chairman & Chief Executive Hayleys PLC and Chairman Haycarb PLC. Mr. D S P Danasiri and Mr. Darshana Lalith Kumara, both employed at the Head Office, won second and third places respectively.
The event provided live entertainment and a memorable evening for all at Haycarb.
Haycarb Suhada Hamuwa 2018
Haycarb’s annual get-together ‘Suhada Hamuwa’ took place on 22nd September at Avenra Gangaara in Wennappuwa. This year’s event saw over 1200 attendees, which included Haycarb employees and their families from Madampe, Badalgama and Recogen Factories, Wewelduwa Transit Stores, Puritas, and, Haycarb Head Office.
Mr. Mohan Pandithage - Chairman & Chief Executive Hayleys PLC and Chairman Haycarb PLC, graced the occasion as the chief guest, whilst several invitees from Hayleys Group also participated the event. Mr. Mohan Pandithage took the lead in lighting the traditional oil lamp in commencing the event. Mr. Rajitha Kariyawasan, Managing Director of Haycarb PLC extended a warm welcome to the gathering with a brief speech.
Nine employees of the group were felicitated with Long Service Awards in appreciation of their service to the company during the event. Long service award is a special recognition awarded to those who completed 15 years or 25 years of service at the company.
This years’ event also saw the final competition and award ceremony of ‘Haycarb Super Star’ – a singing competition organized for employees. 5 finalists of the competition sang and entertained the gathering competing for the title, which was won by Mr. Sanjaya Senevirathne employed at Recogen.
It was a fun-filled evening for the employees and their families. Kiddie bouncers were available for the children along with gifts and snack packs to enjoy. The event included a spot competition, and a raffle draw. A gala buffet was arranged for the attendees and the band ‘Sunshine’ provided the music to dance the night away. It was a memorable night for all at Haycarb.
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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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