Haycarb achieves record turnover of Rs. 25.4 billion and profit before tax of Rs. 4.49 billion for 2020/21 despite Covid-19 pandemic

The Sri Lankan multinational Haycarb PLC reported revenue of Rs.25.4 billion, profit before tax of Rs. 4.49 billion and profit after tax of Rs. 3.56 billion for the financial year 2020/21. The earnings per share of equity holders of the company was Rs. 10.25 for the year.

The chairman of Haycarb PLC and its parent company Hayleys PLC, Mohan Pandithage said that the company overcame the impacts of the Covid-19 pandemic and responded positively to opportunities due to the business model founded upon a strategic manufacturing foot print and supply chain network spread across multiple countries, strong customer relationships built on mutual trust and a resilient and committed team of employees, to achieve a record top and bottom line performance.