Hela Apparel Holdings PLC has reported a remarkable financial turnaround for the second quarter ending 30 September 2024, marking the return to operating profit for the first time in eight quarters. The company attributes this strong performance to the recovery in demand from key export markets and the successful outcomes of its ongoing restructuring efforts.
Sri Lanka’s apparel sector has surpassed the $3 billion mark in earnings, demonstrating impressive growth with a 22% year-on-year increase in August. According to provisional data released by Sri Lanka Customs, the sector’s export earnings for August reached $485.62 million. Exports to all markets have shown positive growth, with the United States seeing a notable
SLT-Mobitel has demonstrated resilience in the first half of 2024, reporting moderate revenue growth alongside significant improvements in profitability. For 1H2024, the group’s revenue reached Rs.53.5 billion, reflecting a 1.6 percent increase from the previous year. Gross profit grew by 4.0 percent to Rs.20.9 billion, with the gross profit margin expanding to 39.0 percent. Despite
Sunshine Holdings PLC (CSE: SUN) has reported a consolidated revenue of Rs. 14.2 billion for the first quarter of the 2024/25 financial year, marking a 6.5% increase year-on-year (YoY). However, Profit After Tax (PAT) fell by 3.6% YoY to Rs. 1.4 billion. The Group’s Healthcare sector remains the largest contributor, generating 53.1% of total revenue,