Diversified blue chip Hayley’s textile sector in financial year ended on 31 March 2015 showcased the success of its turnaround program, posting a profit, a robust growth from the loss recorded in the previous year. The sector has initiated a number of projects that are helping to redefine the business and gain recognition as an industry leader and an innovator.

Hayleys MGT Knitting Mills PLC in FY15 recorded a profit-after-tax of Rs. 90 million ($ 680,000) delivering a profit growth of 149% and a top line growth of 6% year on year. FY 2014/15 marked the first year of the company recording a surplus after consecutive losses during the recent past. The company was also able to generate a cash profit of Rs. 412 Million ($ 3.1 million) in the year under review.

Established in 1993, Hayleys MGT Knitting Mills PLC is the pioneer in textiles manufacturing in Sri Lanka. We provide end to end solutions from design to manufacturing of fabric made out of natural and synthetic fibers. Company also has the capability of in-house printing with 16-colour printing machines, fabric brushing machines and sueding machines. Hayleys PLC, our parent company, is the oldest conglomerate in Sri Lanka with interests in diverse business operations. Hayleys MGT Knitting Mills shares are listed on the Colombo Stock Exchange (symbol: MGT.N0000).