Hayleys optimistic of economic revival despite COVID surge

Thursday, 20 May 2021 04:19 - - {{hitsCtrl.values.hits}}

Hayleys Plc said yesterday it remained optimistic of revival of the economy and further corporate growth in the future in spite of the surge in COVID-19 pandemic in the country.

“Despite the resurgence of COVID-19 infections in recent weeks, we remain optimistic regarding a medium-term economic revival, given the conducive policy environment and Government efforts to ensure continued business activity,” Hayleys Plc Chairman Mohan Pandithage said.

“We expect our export-oriented businesses to maintain their growth momentum while the strong rebound of our domestic businesses seen in the second half of the year is expected to continue in 2021/22,” the Chairman said.

“Our optimism is demonstrated by continued investments in expanding our operations and driving increased economic value, as evidenced by the Group’s recent acquisition of South Asia Textiles Ltd., which is expected to further strengthen our proposition in the textiles sector,” the Hayleys Chief added.

“Our team has embraced the realities of a post-pandemic world, through adapting to new ways of working. I have a special word of thanks to Dhammika Perera, the Board of Directors and the Group Management Committee who steered the Group to deliver this exceptional results,” Pandithage added.

He also extended his appreciation and gratitude to the Hayleys team members, who have once again proven that they are the Group’s most valuable asset.

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