Hayleys rank at number 13 in the Business Today TOP 30. Group revenue was 92.3 billion rupees and PAT was 5.1 billion rupees, which was an increase of 4 percent. While the financial year was a challenging period for the Group, Hayleys was able to see an asset growth of 11 per cent. Significant investments further diversified the income streams while strengthening the core competencies of the Group.
Large scale investments include Hayleys Global Beverages, where an integrated tea extracts manufacturing plant will produce pure Ceylon Tea extracts for the global market. The transportation sector saw investment in the second phase of the Free Zone project; power and energy sector focused on non-conventional renewable energy adding 14.5 MW to the national grid. Hayleys acquired Fentons, a company that has experience in buildings systems infrastructure, ICT infrastructure and fire protection, which will enhance the construction sector of the Group.
The main contributor to the revenue of Hayleys was the transportation and logistics operations, which had a PAT of 1.5 billion rupees (18 per cent of the total). Agriculture sector saw a revenue and PAT growth of 30 per cent. Hayleys is the market leader in the agriculture sector and offers a range of products. The purification sector, Haycarb, which is the world's largest manufacturer of coconut shell based activated carbon, operates in Sri Lanka, Thailand and Indonesia. The sector contributed 13 per cent to the Group's profit. The construction materials section recorded a growth of over 30 per cent in revenue and profits. This sector holds over 50 per cent of Sri Lanka's market share in aluminium extrusions.
Due to the increased performance of The Kingsbury hotel, the leisure sector saw a positive growth. While the consumer sector secured a profit of 117 million rupees with improved margins, the plantations sector faced a very challenging time period.
With Dhammika Perera, Co-Chairman securing more than 55 per cent of the shares the Group has awakened and performs with a new vigour. They are venturing into new areas and are performing with a new dynamism.
Hayleys as an established group in Sri Lanka will need to seek a more dynamic approach as it progresses forward.