Teejay Group News Today

Strong net profit growth in the final quarter of 2023-24 has enabled Teejay Lanka PLC to end the financial year on an optimistic note despite the impacts of the appreciation of the Rupee, which contributed to its 12-month results falling below those of the preceding year. Sri Lanka’s first multinational textile manufacturer has reported net...

Latest news, analysis and opinions from the Daily FT, Sri Lankas only national business newspaper. ..

Latest news, analysis and opinions from the Daily FT, Sri Lankas only national business newspaper. ..

Latest news, analysis and opinions from the Daily FT, Sri Lankas only national business newspaper. ..

Latest news, analysis and opinions from the Daily FT, Sri Lankas only national business newspaper. ..

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Q2 revenue up by 95% to Rs 24.8 billion Net profit up 145% to Rs 2.3 billion for 6 months A doubling of synthetic fabric volumes, higher selling prices and the impacts of the depreciation of the Rupee have generated strong growth for Teejay Lanka PLC, enabling Sri Lanka’s first multinational textile producer to close...

Teejay Lanka PLC has reported a revenue milestone of Rs 50 billion at Group level for FY 2021-22, achieving its first annual sales of a quarter of a billion in US Dollar terms at the rates of exchange that prevailed during the year. A strong fourth quarter during which revenue grew 38% to Rs 13.5 […]

Bio Extracts (Pvt) Ltd, the manufacturer of Sri Lanka’s leading herbal health care brand “Baraka” was awarded as one of the 10 Best Workplaces in the Manufacturing and Production Industries in Sri Lanka 2022 and was presented with the “Great Place to Work Certification” recently. The Great Place to Work for all model was used […]

The countrys annual clothing and textile exports are expected to drop by 24.5% due to the coronavirus pandemic Sri Lanka is making a significant step to increase the share of locally-sourced raw materials in clothing made in the country by setting up a new fabric processing park. Located at Eravur, Batticaloa, in the countrys Eastern Province, the park is being funded by the governments investment promotion agency, the Board of Investment (BOI), with construction beginning in the first week of ...