News & market updates

Hayleys PLC celebrated the 10th anniversary of its Puritas Sath Diyawara initiative, which has installed 19 RO purification and distribution systems (cost Rs.95.5m) supplying over 190,000 litres of purified water daily to 44,000 people. The program also supports community development and provides school essentials to over 3,700 students annually.

Colombo Stock Exchange fell as the All Share Index dropped 1.38% to 10,719 and the S&P SL20 fell 1.69% to 3,006 on turnover of 615 million, with election-month political uncertainty weighing on sentiment.

Haycarb PLC’s Deputy MD Brahman Balaratnarajah was re-elected IASL Chairman for 2024/25 at the Industrial Association of Sri Lanka's 33rd AGM on Aug 9, 2024. The AGM highlighted the industrial sector's role and named an Executive Committee including PGP Glass, Lion Brewery, Richard Pieris, Ex-Pack, Swadeshi and Ceylon Tobacco.

Hayleys PLC (HAYL.N0000) has deployed an AI chatbot developed with H One and Microsoft to read and analyze its annual reports, including those of subsidiary Haycarb PLC (HAYC.N0000). Built on GPT-4 Omni and Azure Cognitive Search, the tool provides rapid natural-language access to financial and non-financial insights.

Hayleys PLC reported Rs. 150 billion in economic value creation for FY2023/24 and earned USD 591 million in foreign exchange, representing 5% of Sri Lanka’s export income. The group met 68% of its energy needs with renewables and increased R&D investment by 70% YoY.

Hayleys PLC reported economic value creation of Rs.150 billion in FY2023-24 and earned $591 million in foreign exchange, representing 5% of Sri Lanka’s export income; the group also raised R&D by 70% and met 68% of its energy needs from renewables.