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Hayleys Fabric information


Hayleys Fabric PLC
FormerlyHayleys MGT Knitting Mills (1993-2015)
Company typePublic
Traded as
CSE: MGT.N0000
ISINLK0335N00006
IndustryApparel
Founded1993; 31 years ago (1993)
Headquarters
Colombo
,
Sri Lanka
Key people
  • A. M. Pandithage (Chairman)
  • E. R. P. Goonetilleke (Managing Director/CEO)
RevenueIncrease US$167 million (2023)
Operating income
Decrease US$8 million (2023)
Net income
Decrease US$1.133 million (2023)
Total assetsDecrease US$119 million (2023)
Total equityDecrease US$28 million (2023)
Number of employees
Increase 3,088 (2023)
ParentHayleys (58.96%)
SubsidiariesSouth Asia Textiles Limited
Websitewww.hayleysfabric.com
Footnotes / references
[1]

Hayleys Fabric PLC, formerly known as Hayleys MGT Knitting Mills, is a knitted fabric manufacturing company in Sri Lanka. Hayleys MGT Knitting Mills was founded in 1993 as a joint venture between Hayleys and MGT Knitting Mills of Australia. The company was listed on the Colombo Stock Exchange in 2003. A fraud incident which was dubbed the biggest in a listed company in Sri Lanka rocked the company in 2011. The company adopted its current name, Hayleys Fabric in 2015. Hayleys Fabric acquired South Asia Textiles Ltd for LKR3.9 billion from Ambeon Holdings in 2021. As a result of the acquisition, Hayleys Fabric became the largest fabric manufacturer in Sri Lanka by exceeding the processing capacity of its closest competitor, Teejay Lanka. Hayleys Fabric is one of the LMD 100 companies in Sri Lanka.

  1. ^ "Annual Report 2022/23" (PDF). cse.lk. Hayleys Fabric PLC. Retrieved 6 June 2023.

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