Hayleys Fabric
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.
Logo of Hayleys Fabric | |
| Formerly | Hayleys MGT Knitting Mills (1993-2015) |
|---|---|
| Company type | Public |
Traded as | CSE: MGT.N0000 |
| ISIN | LK0335N00006 |
| Industry | Apparel |
| Founded | 1993 |
| Headquarters | , Sri Lanka |
Key people |
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| Revenue | US$167 million (2023) |
| US$8 million (2023) | |
Net income | US$1.133 million (2023) |
| Total assets | US$119 million (2023) |
| Total equity | US$28 million (2023) |
Number of employees | 3,088 (2023) |
| Parent | Hayleys (58.96%) |
| Subsidiaries | South Asia Textiles Limited |
| Website | www |
| Footnotes / references | |