Hayleys Fibre : Quarter financial statement as of 30th September 2022

HAYLEYS FIBRE PLC

INTERIM FINANCIAL STATEMENTS FOR THE

PERIOD ENDED 30TH SEPTEMBER 2022

HAYLEYS FIBRE PLC

INTERIM REPORT

STATEMENT OF PROFIT OR LOSS

Group		Group
Audited		Unaudited	Unaudited
Year Ended		Six Months Ended	Six Months Ended
31.03.2022		30.09.2022	30.09.2021	Change
Rs.'000		Rs.'000	Rs.'000	Rs.'000
3,698,646	Revenue	2,697,223	1,710,758	986,465
(3,143,883)	Cost of sales	(2,110,587)	(1,414,738)	(695,849)
554,763	Gross profit	586,636	296,020	290,616
70,397	Other income	21,741	3,504	18,237
(94,606)	Selling and distribution expenses	(68,995)	(17,802)	(51,193)
(191,808)	Administrative expenses	(179,034)	(101,895)	(77,139)
338,746	Operating profit/(loss)	360,348	179,827	180,521
180,991	Finance income	249,353	28,732	220,621
(80,804)	Finance cost	(266,417)	(70,757)	(195,660)
100,187	Net finance income	(17,064)	(42,025)	24,961
438,933	Profit before tax	343,284	137,802	205,482
(99,250)	Tax expense	(40,133)	(26,703)	(13,430)
339,683	Profit for the period	303,151	111,099	192,052
	Profit for the period attributable to:
197,932	Equity holders of the company	244,467	54,566	189,901
141,751	Non-controlling interest	58,684	56,533	2,151
339,683		303,151	111,099	192,052
8.25	Basic earnings per share (Rs.)	10.19	2.27

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

Group
Unaudited	Unaudited
Quarter Ended	Quarter Ended
30.09.2022	30.09.2021	Change
Rs.'000	Rs.'000	Rs.'000
951,847	1,010,457	(58,610)
(732,071)	(859,423)	127,352
219,776	151,034	68,742
23%	15%
7,766	519	7,247
(25,191)	(9,544)	(15,647)
(86,069)	(52,008)	(34,061)
116,282	90,001	26,281
106,844	19,630	87,214
(147,110)	(52,794)	(94,316)
(40,266)	(33,164)	(7,102)
76,016	56,837	19,179
(6,546)	(14,373)	7,827
69,470	42,464	27,006
45,159	19,389	25,770
24,311	23,075	1,236
69,470	42,464	27,006
1.88	0.81

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HAYLEYS FIBRE PLC

INTERIM REPORT

STATEMENT OF PROFIT OR LOSS

Company			Company			Company
Audited			Unaudited	Unaudited			Unaudited	Unaudited
Year Ended			Six Months Ended	Six Months Ended			Quarter Ended	Quarter Ended
31.03.2022			30.09.2022	30.09.2021	Change	30.09.2022	30.09.2021	Change
Rs.'000			Rs.'000	Rs.'000	Rs.'000		Rs.'000	Rs.'000	Rs.'000
1,695,787		Revenue	1,456,375	693,234	763,141		354,662	472,182	(117,520)
(1,585,032)		Cost of sales	(1,254,712)	(620,427)	(634,285)		(307,985)	(424,077)	116,092
110,755		Gross profit	201,663	72,807	128,856	46,677	48,105	(1,428)
146,200		Other income	147,964	6,403	141,561		132,668	1,953	130,715
(41,287)		Selling and distribution expenses	(9,779)	-	(9,779)		2,591	-	2,591
(103,869)		Administrative expenses	(107,105)	(57,990)	(49,115)		(50,005)	(29,056)	(20,949)
111,799		Operating profit/(loss)	232,743	21,220	211,523	131,931	21,002	110,929
92,077		Finance income	165,709	8,956	156,753		74,253	3,834	70,419
(21,987)		Finance cost	(85,854)	(18,512)	(67,342)		(72,509)	(15,859)	(56,650)
70,090		Net finance income	79,855	(9,556)	89,411	1,744	(12,025)	13,769
181,889		Profit before tax	312,598	11,664	300,934		133,675	8,977	124,698
(43,865)		Tax expense	(17,227)	(3,732)	(13,495)		3,868	(3,261)	7,129
138,024		Profit for the period	295,371	7,932	287,439	137,543	5,716	131,827
		Profit for the period attributable to:
138,024		Equity holders of the company	295,371	7,932	287,439		137,543	5,716	131,827
-		Non-controlling interest	-	-	-		-	-
138,024			295,371	7,932	287,439	137,543	5,716	131,827
5.75		Basic earnings per share (Rs.)	12.31	0.33			5.73	0.24
4.00		Dividend per share (Rs.)	2.30	2.75			2.00	1.00

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

31.03.2022

Rs.'000

339,683

(3,660)

514

(3,146)

4,454

(624)

3,830

11,619

(1,162)

10,457

	Group		Group
	Unaudited	Unaudited	Unaudited	Unaudited
	Six Months Ended	Six Months Ended	Quarter Ended	Quarter Ended
	30.09.2022	30.09.2021	30.09.2022	30.09.2021
	Rs.'000	Rs.'000	Rs.'000	Rs.'000
Profit for the period	303,151	111,099	69,470	42,464
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

(33,572)		Net loss on cash flow hedges	(655)	(942)	11,777	(788)
(33,572)			(655)	(942)	11,777	(788)
(22,431)		Total other comprehensive income for the period, Net of tax	(655)	(942)	11,777	(788)
317,252		Total comprehensive income for the period, Net of tax	302,496	110,157	81,247	41,676

192,644

124,608

317,252

Total comprehensive income for the period attributable to:

Equity holders of the Company	244,139	54,095	51,047	18,995
Non-controlling interest	58,357	56,062	30,200	22,681
	302,496	110,157	81,247	41,676

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

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HAYLEYS FIBRE PLC

INTERIM REPORT

STATEMENT OF COMPREHENSIVE INCOME

Company			Company	Company
Audited			Unaudited	Unaudited	Unaudited	Unaudited
Year Ended			Six Months Ended	Six Months Ended	Quarter Ended	Quarter Ended
31.03.2022			30.09.2022	30.09.2021	30.09.2022	30.09.2021
Rs.'000			Rs.'000	Rs.'000	Rs.'000	Rs.'000
138,024		Profit for the period	295,371	7,932	137,543	5,716
		Other comprehensive income
		Other comprehensive income that may not to be reclassified to profit or loss in
		subsequent periods
(2,680)		Re-measurement gain/(loss) on employee benefit obligations	-	-	-	-
375		Income tax effect on Re-measurement gains/(loss) on employee benefit obligations	-	-	-	-
(2,305)			-	-	-	-
4,454		Revaluation of land	-	-	-	-
(624)		Income tax effect on revaluation of land	-	-	-	-
3,830			-	-	-	-
11,619		Net gain/(loss) on equity instrument designated at FVOCI	-	-	-	-
(1,162)		Income tax effect on net gain/(loss) on equity instrument designated at FVOCI	-	-	-	-
10,457			-	-	-	-
11,982		Total other comprehensive income for the period, Net of tax	-	-	-	-
150,006		Total comprehensive income for the period, Net of tax	295,371	7,932	137,543	5,716
		Total comprehensive income for the period attributable to:
150,006		Equity holders of the company	295,371	7,932	137,543	5,716
-		Non-controlling interest	-	-	-	-
150,006			295,371	7,932	137,543	5,716

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

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