HAYLEYS FIBRE PLC

INTERIM FINANCIAL STATEMENTS FOR THE

PERIOD ENDED 31ST DECEMBER 2022

HAYLEYS FIBRE PLC

INTERIM REPORT

STATEMENT OF PROFIT OR LOSS

Group

Group

Audited

Unaudited

Unaudited

Year Ended

Nine Months Ended

Nine Months Ended

31.03.2022

31.12.2022

31.12.2021

Change

Rs.'000

Rs.'000

Rs.'000

Rs.'000

3,698,646

Revenue

3,444,724

2,618,771

825,953

(3,143,883)

Cost of sales

(2,698,348)

(2,163,555)

(534,793)

554,763

Gross profit

746,376

455,216

291,160

70,397

Other income

22,722

16,855

5,867

(94,606)

Selling and distribution expenses

(103,143)

(32,170)

(70,973)

(191,808)

Administrative expenses

(270,451)

(152,323)

(118,128)

338,746

Operating profit/(loss)

395,504

287,578

107,926

180,991

Finance income

301,210

21,036

280,174

(80,804)

Finance cost

(352,791)

(79,512)

(273,279)

100,187

Net finance income/ (expense)

(51,581)

(58,476)

6,895

438,933

Profit before tax

343,923

229,102

114,821

(99,250)

Tax expense

(133,943)

(45,230)

(88,713)

339,683

Profit for the period

209,980

183,872

26,108

Profit for the period attributable to:

197,932

Equity holders of the company

163,420

100,570

62,850

141,751

Non-controlling interest

46,560

83,302

(36,742)

339,683

209,980

183,872

26,108

8.25

Basic earnings per share (Rs.)

6.81

4.19

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

31.12.2022

31.12.2021

Change

Rs.'000

Rs.'000

Rs.'000

747,501

908,013

(160,512)

(587,761)

(748,817)

161,056

159,740

159,196

544

0

18%

981

13,351

(12,370)

(34,148)

(14,368)

(19,780)

(91,417)

(50,428)

(40,989)

35,156

107,751

(72,595)

51,857

(7,696)

59,553

(86,374)

(8,755)

(77,619)

(34,517)

(16,451)

(18,066)

639

91,300

(90,661)

(93,810)

(18,527)

(75,283)

(93,171)

72,773

(165,944)

(81,047)

44,036

(125,083)

(12,124)

28,737

(40,861)

(93,171)

72,773

(165,944)

(3.38)

1.83

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

31.03.2022

31.12.2022

31.12.2021

Change

31.12.2022

31.12.2021

Change

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

1,695,787

Revenue

1,697,329

1,090,013

607,316

240,954

396,779

(155,825)

(1,585,032)

Cost of sales

(1,471,788)

(984,219)

(487,569)

(217,076)

(363,792)

146,716

110,755

Gross profit

225,541

105,794

119,747

23,878

32,987

(9,109)

146,200

Other income

150,157

110,143

40,014

2,193

103,740

(101,547)

(41,287)

Selling and distribution expenses

(16,766)

(299)

(16,467)

(6,987)

(299)

(6,688)

(103,869)

Administrative expenses

(162,025)

(84,345)

(77,680)

(54,920)

(26,355)

(28,565)

111,799

Operating profit/(loss)

196,907

131,293

65,614

(35,836)

110,073

(145,909)

92,077

Finance income

216,954

11,240

205,714

51,245

2,284

48,961

(21,987)

Finance cost

(134,082)

(21,920)

(112,162)

(48,228)

(3,408)

(44,820)

70,090

Net finance income/ (expense)

82,872

(10,680)

93,552

3,017

(1,124)

4,141

181,889

Profit before tax

279,779

120,613

159,166

(32,819)

108,949

(141,768)

(43,865)

Tax expense

(56,086)

(13,139)

(42,947)

(38,859)

(9,407)

(29,452)

138,024

Profit for the period

223,693

107,474

116,219

(71,678)

99,542

(171,220)

Profit for the period attributable to:

138,024

Equity holders of the company

223,693

107,474

116,219

(71,678)

99,542

(171,220)

-

Non-controlling interest

-

-

-

-

-

138,024

223,693

107,474

116,219

(71,678)

99,542

(171,220)

5.75

Basic earnings per share (Rs.)

9.32

4.48

(2.99)

4.15

4.00

Dividend per share (Rs.)

3.30

3.50

1.00

0.75

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

Group

Group

Audited

Unaudited

Unaudited

Unaudited

Unaudited

Year Ended

Nine Months Ended

Nine Months Ended

Quarter Ended

Quarter Ended

31.03.2022

31.12.2022

31.12.2021

31.12.2022

31.12.2021

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

339,683

Profit for the period

209,980

183,872

(93,171)

72,773

Other comprehensive income

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

subsequent periods

(3,660)

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

-

-

-

-

514

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

-

-

-

-

(3,146)

-

-

-

-

4,454

Revaluation of land

-

-

-

-

(624)

Income tax effect on revaluation of land

(5,460)

-

(5,460)

-

3,830

(5,460)

-

(5,460)

-

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

(5,600)

-

(5,600)

-

10,457

(5,600)

-

(5,600)

-

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

subsequent periods

(33,572)

Net loss on cash flow hedges

11,676

247

12,331

1,189

(33,572)

11,676

247

12,331

1,189

(22,431)

Total other comprehensive income for the period, Net of tax

616

247

1,271

1,189

317,252

Total comprehensive income for the period, Net of tax

210,596

184,119

(91,900)

73,962

Total comprehensive income for the period attributable to:

192,644

Equity holders of the Company

158,198

100,693

(122,100)

44,630

124,608

Non-controlling interest

52,398

83,426

30,200

29,332

317,252

210,596

184,119

(91,900)

73,962

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

31.03.2022

Rs.'000

138,024

Company

Company

Unaudited

Unaudited

Unaudited

Unaudited

Nine Months Ended

Nine Months Ended

Quarter Ended

Quarter Ended

31.12.2022

31.12.2021

31.12.2022

31.12.2021

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Profit for the period

223,693

107,474

(71,678)

99,542

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

(5,460)

-

(5,460)

-

3,830

(5,460)

-

(5,460)

-

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

(5,600)

-

(5,600)

-

10,457

(5,600)

-

(5,600)

-

11,982

Total other comprehensive income for the period, Net of tax

(11,060)

-

(11,060)

-

150,006

Total comprehensive income for the period, Net of tax

212,633

107,474

(82,738)

99,542

Total comprehensive income for the period attributable to:

150,006

Equity holders of the company

212,633

107,474

(82,738)

99,542

-

Non-controlling interest

-

-

-

-

150,006

212,633

107,474

(82,738)

99,542

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

4

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Hayleys Fibre plc published this content on 08 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 February 2023 11:47:46 UTC.