Category: Apparel

May 06, 2013 (LBO) – Sri Lanka’s Textured Jersey Limited, a knit fabric maker, said net profits for the March 2013 quarter rose 47 percent to 321 million rupees, helped by tighter cost controls and net finance income. “Looking towards the future, TJL continues to carry a strong order book with new product lines and […]

Feb 20, 2013 (LBO) – Sri Lanka’s Kuruwita Textiles said boosted revenues 31 percent in the December 2012 quarter from a year earlier and profits rose 20 percent to 15.9 million rupees, despite narrower margins interim accounts showed. He said the company was working on new customers and strengthening existing relationships and was also working […]

Feb 08, 2013 (LBO) – Textured Jersey Lanka Plc, a unit of Sri Lanka’s Brandix apparel group and Hong Kong based Pacific Textured Jersey said profits rose 94 percent to 364 million rupees in the December 2012 quarter from a year earlier. The firm reported profits of 56 cents per share for the quarter. For […]

Feb 05, 2013 (LBO) – Sri Lanka’s Hayleys MGT Knitting said it lost 110 million rupees in the December 2012 quarter down from a loss of 156 million rupees a year earlier.The firm reported a loss of 73 cents per share. For the nine months to December the firm reported a loss of 196 million […]

Nov 29, 2012 (LBO) – Sri Lanka’s MAS Holdings, an apparel exporter is setting up a 70 million US dollar knit fabric plant at its own industrial park, the state investment promotion agency said. BOI said the factory reflected a “spirit of innovation” in Sri Lanka’s apparel industry and a state goal of reducing imported […]

Nov 06, 2012 (LBO) – Sri Lanka’s Hayleys MGT Knitting Mills Plc, knitted fabric marker said it has cut losses and improved gross margins after going through a restructuring process over the past year. The firm which files US dollar denominated accounts and statements translated into rupees, lost 43 million rupees in the September 2012 […]

Oct 24, 2012 (LBO) – Sri Lanka’s MAS group, which claims to be South Asia’s largest lingerie maker with a billion US dollars of annual revenues has launched its amanté brand in the island after being first released in India in 2007. The firm said it is targeting women between the ages of 21-45 who […]

COLOMBO, Sept 19, 2012 (AFP) – Sri Lanka’s police raided a factory turning out counterfeit ICC World Twenty20 T-shirts and seized stocks of spurious merchandise, a senior officer said Wednesday. Deputy Inspector-General Anura Senanayake said they carried out the crackdown on fake World Twenty20 merchandise following a complaint from the International Cricket Council (ICC) over […]

Sept 12, 2012 (LBO) – Sri Lanka’s Orient Garments Ltd, a listed apparel exporter said a strategy of focusing on children’s had helped it survive a downturn in key Western markets, though both profits and revenues fell. In the year to March 2012, revenues of Orient Garment group fell 4. 7 percent to 3.41 billion […]

Sept 05, 2012 (LBO) – Brandix, a top Sri Lankan apparel exporter has seen strong demand from the US helping offset a slump in Europe demand helping keep revenue growth in positive territory, an official said. Sri Lanka’s apparel exports fell 1.6 percent to 1.98 billion rupees in the first six months of 2012, with […]

Sept 04, 2012 (LBO) – Sri Lanka’s Brandix apparel group said it had set a target to cut its environmental impact by 20 percent in the next eight year after reaching an earlier milestone ahead of schedule. The firm had recycled 961,000 cubic metres of water or 44 percent of its total intake and collects […]

June 20, 2012 (LBO) – Sri Lanka’s Timex and Fergasam group, will begin construction of two energy efficient ‘green’ apparel factories in the northeastern Mannar region this month, the state investment promotion agency said. “Sri Lanka has the advantage of having high environmental standards. Already a number of companies that operate under the BOI regime […]