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Sri Lanka Equity Forum » Stock Market Talk » Performance of Hayleys Fabric PLC-MGT

Performance of Hayleys Fabric PLC-MGT

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1 Performance of Hayleys Fabric PLC-MGT on Wed Nov 01, 2017 11:50 am

kovida

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Senior Equity Analytic
Senior Equity Analytic
I have noted that MGT has turned around in the last quarter ended 30/09/2017. If you peruse the financials for the last qtr(30/09/2017) profit is $ 95,854  and immediate preceding qtr(30/06/2017) loss is $ 162,648. Is not it a big achievement due to GSP+?

2 Re: Performance of Hayleys Fabric PLC-MGT on Wed Nov 01, 2017 8:37 pm

kovida

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Senior Equity Analytic
Senior Equity Analytic

Hayleys Fabric Is Heading In A Positive Direction

November, 1, 2017



Hayleys Fabric made a profit of USD 95,854/- during the second quarter ended 30th September 2017. This is an improvement on the first quarter although the Company is at a cumulative loss of USD 66,794/- for the first half ending 30th September 2017. The main contributory factor for the loss was the unprecedented floods which hampered the production in the first quarter.
The outlook for the next quarter amidst an increase in raw material costs looks positive with an order book with better margins with production from new machinery also coming into operation. The enhancement of the Printing facility with Reactive printing and the commencement of sublimation printing, embossing facilities would enhance the Company’s product offering to attract a higher market share.
Hayleys Fabric PLC is a subsidiary of Hayleys PLC whose Board of Directors is comprised of Mohan Pandithage, Shammika Perera, Rohan Goonetilleke, Sarath Ganegoda, Haresh Somashantha, Nandajith Somaratne, Ananda Jayatilleka, and Dr. Sunil Nawaratne

3 Re: Performance of Hayleys Fabric PLC-MGT on Thu Nov 02, 2017 11:48 am

Small Investor


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Thanks Kovida.

4 Re: Performance of Hayleys Fabric PLC-MGT on Thu Nov 02, 2017 10:42 pm

Winner123


Senior Equity Analytic
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This should reach 90 levels soon.....

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