HAYLEYS FIBRE PLC

INTERIM FINANCIAL STATEMENTS FOR THE

PERIOD ENDED 31ST DECEMBER 2021

HAYLEYS FIBRE PLC

INTERIM REPORT

STATEMENT OF PROFIT OR LOSS

Group

Group

Group

Audited

Unaudited

Unaudited

Unaudited

Unaudited

Year Ended

Nine Months Ended

Nine Months Ended

Quarter Ended

Quarter Ended

31.03.2021

31.12.2021

31.12.2020

Change

31.12.2021

31.12.2020

Change

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

2,000,736

Revenue

2,618,771

1,328,999

1,289,772

(1,589,978)

Cost of sales

(2,163,555)

(1,053,388)

(1,110,167)

410,758

Gross profit

455,216

275,611

179,605

39,362

Other income

16,855

15,587

1,268

(24,053)

Selling and distribution expenses

(32,170)

(9,937)

(22,233)

(161,513)

Administrative expenses

(152,323)

(122,496)

(29,827)

264,554

Operating profit/(loss)

287,578

158,765

128,813

21,531

Finance income

21,036

40,542

(19,506)

(27,300)

Finance cost

(79,512)

(45,285)

(34,227)

(5,769)

Net finance cost

(58,476)

(4,743)

(53,733)

258,785

Profit before tax

229,102

154,022

75,080

(15,542)

Tax expense

(45,230)

(3,307)

(41,923)

243,243

Profit for the period

183,872

150,715

33,157

Profit for the period attributable to:

147,794

Equity holders of the company

100,570

95,044

5,526

95,449

Non-controlling interest

83,302

55,671

27,631

243,243

183,872

150,715

33,157

6.16

Basic earnings per share (Rs.)

4.19

3.96

Notes from pages 9 to 10 form an integral part of these Financial Statements. Figures in brackets indicate deductions.

908,013

545,065

362,948

(748,817)

(434,580)

(314,237)

159,196

110,485

48,711

13,351

6,733

6,618

(14,368)

(7,281)

(7,087)

(50,428)

(42,890)

(7,538)

107,751

67,047

40,704

(7,696)

23,548

(31,244)

(8,755)

(22,631)

13,876

(16,451)

917

(17,368)

91,300

67,964

23,336

(18,527)

(5,471)

(13,056)

72,773

62,493

10,280

44,036

42,111

1,925

28,737

20,382

8,355

72,773

62,493

10,280

1.83

1.75

1

HAYLEYS FIBRE PLC

INTERIM REPORT

STATEMENT OF PROFIT OR LOSS

Company

Company

Company

Audited

Unaudited

Unaudited

Unaudited

Unaudited

Year Ended

Nine Months Ended

Nine Months Ended

Quarter Ended

Quarter Ended

31.03.2021

31.12.2021

31.12.2020

Change

31.12.2021

31.12.2020

Change

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

736,058

Revenue

1,090,013

521,681

568,332

396,779

227,867

168,912

(627,386)

Cost of sales

(984,219)

(439,949)

(544,270)

(363,792)

(190,556)

(173,236)

108,672

Gross profit

105,794

81,732

24,062

32,987

37,311

(4,324)

110,725

Other income

110,143

98,861

11,282

103,740

87,276

16,464

(780)

Selling and distribution expenses

(299)

(650)

351

(299)

(251)

(48)

(98,751)

Administrative expenses

(84,345)

(72,457)

(11,888)

(26,355)

(27,472)

1,117

119,866

Operating profit/(loss)

131,293

107,486

23,807

110,073

96,864

13,209

19,019

Finance income

11,240

33,743

(22,503)

2,284

20,940

(18,656)

(7,794)

Finance cost

(21,920)

(25,171)

3,251

(3,408)

(17,265)

13,857

11,225

Net finance cost

(10,680)

8,572

(19,252)

(1,124)

3,675

(4,799)

131,091

Profit before tax

120,613

116,058

4,555

108,949

100,539

8,410

5,161

Tax expense

(13,139)

13,402

(26,541)

(9,407)

(2,718)

(6,689)

136,252

Profit for the period

107,474

129,460

(21,986)

99,542

97,821

1,721

136,252

Profit for the period attributable to:

136,252

Equity holders of the company

107,474

129,460

(21,986)

99,542

97,821

1,721

-

Non-controlling interest

-

-

-

-

-

136,252

107,474

129,460

(21,986)

99,542

97,821

1,721

5.68

Basic earnings per share (Rs.)

4.48

5.39

4.15

4.08

0.58

Dividend per share (Rs.)

3.50

0.33

0.75

0.33

Notes from pages 9 to 10 form an integral part of these Financial Statements. Figures in brackets indicate deductions.

2

HAYLEYS FIBRE PLC

INTERIM REPORT

STATEMENT OF COMPREHENSIVE INCOME

Group

Audited Year Ended 31.03.2021 Rs.'000

243,243

(1,377)

192

(1,185)

-

-

-

7,909

(797)

7,112

Group

Group

Unaudited

Unaudited

Unaudited

Unaudited

Nine Months Ended

Nine Months Ended

Quarter Ended

Quarter Ended

31.12.2021

31.12.2020

31.12.2021

31.12.2020

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Profit for the period

183,872

150,715

72,773

62,493

Other comprehensive income

Other comprehensive income that may not to be reclassified to profit or loss in

subsequent periods

Re-measurement gains/(loss) on employee benefit obligations

-

-

-

-

Income tax effect on re-measurement gains/(loss) on employee benefit obligations

-

-

-

-

-

-

-

-

Revaluation of land

-

-

-

-

Income tax effect on revaluation of land

-

-

-

-

-

-

-

-

Net gain/(loss) on equity instrument designated at FVOCI

-

-

-

-

Income tax effect on net gain/(loss) on equity instrument designated at FVOCI

-

-

-

-

-

-

-

-

Other comprehensive income that may be reclassified to the profit or loss in subsequent

periods

(7,778)

Net loss on cash flow hedges

247

(569)

1,189

(815)

(7,778)

247

(569)

1,189

(815)

(1,851)

Total other comprehensive income for the period, Net of tax

247

(569)

1,189

(815)

241,392

Total comprehensive income for the period, Net of tax

184,119

150,146

73,962

61,678

Total comprehensive income for the period attributable to:

149,864

Equity holders of the Company

100,694

94,759

44,630

41,703

91,528

Non-controlling interest

83,425

55,387

29,332

19,975

241,392

184,119

150,146

73,962

61,678

Notes from pages 9 to 10 form an integral part of these Financial Statements. Figures in brackets indicate deductions.

3

HAYLEYS FIBRE PLC

INTERIM REPORT

STATEMENT OF COMPREHENSIVE INCOME

Company

Audited

Year Ended

31.03.2021

Rs.'000

136,252

Company

Company

Unaudited

Unaudited

Unaudited

Unaudited

Nine Months Ended

Nine Months Ended

Quarter Ended

Quarter Ended

31.12.2021

31.12.2020

31.12.2021

31.12.2020

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Profit for the period

107,474

129,460

99,542

97,821

Other comprehensive income

Other comprehensive income that may not to be reclassified to profit or loss in subsequent periods

(1,303)

Re-measurement gain/(loss) on employee benefit obligations

-

-

-

-

182

Income tax effect on re-measurement gains/(loss) on employee benefit obligations

-

-

-

-

(1,121)

-

-

-

-

-

Revaluation of land

-

-

-

-

-

Income tax effect on revaluation of land

-

-

-

-

-

-

-

-

-

7,909

Net gain/(loss) on equity instrument designated at FVOCI

-

-

-

-

(797)

Income tax effect on net gain/(loss) on equity instrument designated at FVOCI

-

-

-

-

7,112

-

-

-

-

5,991

Total other comprehensive income for the period, Net of tax

-

-

-

-

142,243

Total comprehensive income for the period, Net of tax

107,474

129,460

99,542

97,821

Total comprehensive income for the period attributable to:

142,243

Equity holders of the company

107,474

129,460

99,542

97,821

-

Non-controlling interest

-

-

-

-

142,243

107,474

129,460

99,542

97,821

Notes from pages 9 to 10 form an integral part of these Financial Statements. Figures in brackets indicate deductions.

4

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Hayleys Fibre plc published this content on 08 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 February 2022 11:01:09 UTC.