Financial Times

Hayleys 2nd quarter profits up 35%
The diversified blue-chip Hayleys Group last week reported Rs. 278 million post-tax profits for the second quarter of 2004, up by 35 percent from the corresponding period last year.

The company said this included a deduction for minority interest payments. The net assets per share value went up to Rs 135 from 123.50 last year. Hayleys operates a diversified business of chemicals, coir, electronics, agriculture, and engineering.

The company conducts its activities principally in Sri Lanka but also has operations in Europe, Japan, Australia and the United Kingdom.

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