Teejay lanka plc The Textile manufacturing - Sri Lanka and India segment manufactures and sells weft knit fabrics to export and to indirect export are included in 6 l Teejay Lanka PLC CHAIRMAN’S MESSAGE DEAR STAKEHOLDER, It gives me immense pride to welcome you to the 9th Annual General Meeting of Teejay Lanka PLC and to present to you our Annual Report and Audited Financial Statements for the year ended 31 March 2020. TEEJAY LANKA PLC TARGET PRICE: LKR50. The company is backed by Sri Lanka’s largest apparel exporter, Brandix Lanka which has a 33 per cent stake and Pacific Textiles of Hong Kong which owns 28 per cent of the company. Teejay Lanka PLC, previously known as Textured Jersey, weaves magical bonds between fabric and fashion, by nurturing a culture of innovative excellence. 5 days ago · Teejay Lanka PLC is a Sri Lanka-based multinational manufacturer of weft knitted fabric. Premaratne serves as Chairman of the Audit Committee. Teejay Group has kicked off a few key strategic initiatives in order to enter the next phase of growth. Environmental Policy: Teejay Lanka PLC is Sri Lanka’s leading Fabric Solution Provider, with a distinguished track record. 6 l Teejay Lanka PLC CHAIRMAN’S MESSAGE DEAR STAKEHOLDER, It gives me immense pride to welcome you to the 9th Annual General Meeting of Teejay Lanka PLC and to present to you our Annual Report and Audited Financial Statements for the year ended 31 March 2020. The company was established in 1996 and has since grown to become a major player in the textile industry, with a strong focus on sustainability and environmental responsibility Prior to taking the reins as Managing Director, he served as Chief Financial Officer and Chief Strategy Officer of the Group, and sits as a Director on its subsidiaries and integrated ventures, which includes Teejay Lanka PLC. Market Data Major Shareholders Relative Price Chart th July 2021 TEEJAY LANKA PLC INCOME STATEMENT (all amounts in Sri Lanka Rupees Thousands) Year Ended 31 March 2021 2020 Variance 2021 Unaudited Unaudited Audited Revenue from contracts with customers 10,384,876 4,733,290 119% 31,780,287 Cost of sales (9,615,830) (4,477,093) -115% (27,990,328) Currently serving as the Group Head of Development and Innovation at Teejay Group, Mohottalage's journey through the industry has been marked by significant contributions and strategic leadership. TJL acquired OCI in Sep 2015. 80 (+16. Learn about its history, products, contact details and website from the EDB Sri Lanka directory. 97 Bn. TEEJAY LANKA PLC Chairman’s Review Sgd Bill Lam Chairman However, Teejay Group had a very successful financial year achieving remarkable milestones. As an Independent Director at John Keells Hotels PLC, Mr. TEEJAY LANKA PLC Sgd Bill Lam Chairman Overcoming challenging global market conditions, Teejay Group has completed a very successful financial year recording a net profit of LKR 1. Teejay Lanka PLC is a multinational company that produces and exports weft knit fabric for branded clothing. 1 Bn, a 70% increase, and LKR 17. Teejay was incorporated as a Private Limited Liability Company on 12 July 2000 under the Companies Act, No. N0000) stock price, news, historical charts, analyst ratings and financial information from WSJ. The backbone of our company is formed by none other than our team of committed and hardworking employees In 2015, Teejay Lanka PLC (formerly Textured Jersey Lanka PLC) made a 100% acquisition of the company. 17 of 1982 and grown since then. Tel: +91 8924 237010 / +91 8924 237011 Fax TEEJAY LANKA PLC Review of the Financials With a steady performance maintained throughout the period, Teejay proposed the payment of LKR 1. It has strategic partnerships with leading retail brands, a research division for innovation, and a commitment to sustainability. Please direct your feedback to, Mr. 77 Bn a 40. Teejay Lanka is a public company listed on the Colombo Stock Exchange and the S&P Sri Lanka 20 Index. Salman Nishtar Chief Financial Officer Teejay TEEJAY LANKA PLC Review of the Financials The Distribution and Administration expenses of Teejay Group for the period under review stood at LKR 861 Mn which is a 69% increase when compared to the same quarter of the previous financial year. The Company's segments include Textile manufacturing - Sri Lanka and India, and Fabric printing - Sri Lanka. In 2015, Teejay Lanka PLC (formerly Textured Jersey Lanka PLC) made a 100% acquisition of the company. Teejay Lanka PLC, previously known as Textured Jersey, weaves magical bonds between fabric and fashion, by nurturing a culture of innovative excellence. 3 Bn Group revenue for the Q4, with a 28. TEEJAY LANKA PLC Review of the Financials Teejay Group closed the 2022/23 FY with a Group revenue of LKR 84. 5% increase when compared to the fourth quarter of the previous year. com. E. The Textile manufacturing - Sri Lanka and India segment manufactures and sells weft knit fabrics to export and to indirect export are included in TEEJAY LANKA PLC ANNUAL REPORT 2020/21 Available Online as PDF www. Dec 31, 2023 · TEEJAY LANKA PLC Statement of Profit or Loss (All amounts in Sri Lanka Rupees Thousands) Year Ended 31 March 2023 2022 Variance 2023 2022 Variance 2023 Unaudited Unaudited Unaudited Unaudited Audited Revenue from contracts with customers 15,897,519 18,147,146 -12% 45,444,549 66,757,821 -32% 84,037,126 Dec 10, 2024 · Teejay Lanka PLC: Trading strategies, financial analysis, commentaries and investment guidance for Teejay Lanka PLC Stock | Colombo S. TEEJAY LANKA PLC Review of the Financials Further, the impact of inflation for the prices of raw materials such as yarn and cotton have reported a downward trend which is a positive sign for the textile and apparel industry. Sep 30, 2024 · Teejay Lanka PLC is a Sri Lanka-based multinational manufacturer of weft knitted fabric. It produces knitted fabrics for global brands such as Nike, L Brands, and Marks & Spencer, and won the best textile exporter award in 2019 and 2021. TEEJAY LANKA PLC Review of the Financials The USD 26 Mn expansion project of Teejay India is completed and started operating by adding 20 Tons to the Group capacity to serve our customers with on time deliveries. Oct 28, 2024 · Teejay Lanka Plc is a multinational manufacturer of weft knitted fabric based in Avissawella, Sri Lanka. Prior to taking the reins as Managing Director, he served as Chief Financial Officer and Chief Strategy Officer of the Group, and sits as a Director on its subsidiaries and integrated ventures, which includes Teejay Lanka PLC. Considering the context while the Gross Profit Margin stood at 2%, which is a 6. A new entity was incorporated in Egypt on November 19, 2024, aimed at engaging in fabric manufacturing, manufacturing services and trading activities, the company said in a Circular to the Shareholders of Teejay Lanka PLC ; Cash Dividend - 06-02-2020 ; Resignation of Chief Executive Officer - 31-12-2019 ; Teejay is capable of supplying high end synthetic blends both in Sri Lanka and India. View the latest TeeJay Lanka PLC (TJL. 78%) Capital Trust Research (Pvt) Ltd Teejay Lanka/ July 2021 Largest listed Fabric Exporter poised for strong growth through organic expansion. Salman Nishtar Chief Financial Officer Teejay Find company research, competitor information, contact details & financial data for TEEJAY LANKA PLC of . The research arm of Teejay engages extensively with research and development in fiber, yarn, dyes and chemicals, and processes and fabrics, to deliver new products and service solutions to our customers. 9% decrease when compared to the 8. N0000 | Colombo S. Printing Operations started in October 2010 in collaboration with Quenby Lanka Prints. Dec 12, 2024 · Teejay Lanka PLC is a Sri Lanka-based multinational manufacturer of weft knitted fabric. 9% experienced during the TEEJAY LANKA PLC Chairman’s Review Sgd Bill Lam Chairman The continuous improvement on the order book is very much visible with the changes in the global supply chain moving towards the south Asian region and this TEEJAY LANKA PLC Chairman’s Review Sgd Bill Lam Chairman The continuous improvement on the order book is very much visible with the changes in the global supply chain moving towards the south Asian region and this TEEJAY LANKA PLC Chairman’s Review Sgd Bill Lam Chairman As the world attempts to regain a sense of normalcy during this pandemic period, its impact was felt as Teejay closed the first Quarter of the Financial Year 2020/21. 21 -- Teejay Lanka PLC, Sri Lanka's first multinational textile manufacturer, announced the expansion of its business into the Arab Republic of Egypt. Avissawella, Sri Lanka. The Textile manufacturing - Sri Lanka and India segment manufactures and sells weft knit fabrics to export and to indirect export are included in . Teejay Lanka PLC is a Public Limited Liability Company with two of the best brands in the industry as major shareholders, Pacific Textiles and Brandix. 15, BIAC SEZ, Pudimadaka Road Atchuthapuram, Visakhapatnam - 531011, Andhra Pradesh, India. 1% top line growth against the previous financial year of LKR 6. 31%. Tel: +94 364279500 Fax: +94 364279595. TEEJAY LANKA PLC Review of the Financials The Group reported a Gross Profit of LKR 283 Mn. 3 Bn in comparison to LKR 31. The company entered into a Technical Agreement with Pacific Textiles from 2011- 2013; The company entered into a Technical Agreement with Textured Jersey (Teejay Lanka) from Oct 2013. Counter trades at 9. We shall ensure that we, Maintain Effectiveness, Efficiency and Sustainability in our Environment Teejay Lanka PLC, previously known as Textured Jersey, weaves magical bonds between fabric and fashion, by nurturing a culture of innovative excellence. Teejay Lanka PLC Block D8-D14, Seethawaka Export Processing Zone. : TJL. 7 Bn achieved last year. It operates through the following Teejay Lanka PLC, previously known as Textured Jersey, weaves magical bonds between fabric and fashion, by nurturing a culture of innovative excellence. Get the latest business insights from Dun & Bradstreet. 50 per share as final dividend to the company’s shareholders for the year ended 31st March 2022. TEEJAY LANKA PLC is a leading knit fabric producer with British roots and global market presence. This Report presents the performance of the Group’s fabric manufacturing, operations, non-financial Rebranded as “Teejay”, Teejay Lanka PLC, Teejay Lanka Prints (Private) Limited, Teejay India Private Limited Winner of Forbes Asia’s 200 Best Under a Billion Commercial launch of the first Synthetic Fabric 2015 Winning World Textile Awards Acquisition of Ocean India Private Ltd Acquisition of Quenby Lanka Prints (Private) Ltd 2011 TEEJAY LANKA PLC Chairman’s Review Sgd Bill Lam Chairman Teejay Group concluded the 2020/21 FY positively with its Q4 performance, recording its highest quarter revenue since inception of LKR 9. The period under review has been exceptional in both financial and operational terms. 77 Bn, 29 % growth over the corresponding period. Revenue grew by 5% this year to achieve LKR 33. Email: info@teejay. TEEJAY LANKA PLC STATEMENT OF COMPREHENSIVE INCOME (all amounts in Sri Lanka Rupees Thousands) Group Year Ended 31 March 2020 2019 Variance 2020 2019 Variance 2020 Unaudited Unaudited Unaudited Unaudited Audited Profit for the period 778,465 718,967 8% 1,378,299 1,955,771 -30% 2,383,784 TEEJAY LANKA PLC Review of the Financials Further, the impact of inflation for the prices of raw materials such as yarn and cotton have reported a downward trend which is a positive sign for the textile and apparel industry. The company name was changed to Teejay Lanka Prints (Pvt) Ltd in 2016. TEEJAY LANKA PLC Chairman’s Review Sgd Bill Lam Chairman Teejay Group concluded the 2020/21 FY positively with its Q4 performance, recording its highest quarter revenue since inception of LKR 9. Teejay Lanka PLC is a leading textile manufacturer in Sri Lanka, specializing in the production of knitted fabrics. Salman Nishtar Chief Financial Officer Teejay TEEJAY LANKA PLC INCOME STATEMENT (all amounts in Sri Lanka Rupees Thousands) Year Ended 31 March 2021 2020 Variance 2021 2020 Variance 2021 Unaudited Unaudited Unaudited Unaudited Audited Revenue from contracts with customers 12,694,124 8,789,899 44% 23,079,000 13,523,189 71% 31,780,287 5 days ago · Circular to the Shareholders of Teejay Lanka PLC ; Cash Dividend - 06-02-2020 ; Resignation of Chief Executive Officer - 31-12-2019 ; Teejay Lanka PLC Annual Report 2021/22 4 About this Report SCOPE & BOUNDARY This Report covers the operations of Teejay Lanka PLC and its operating subsidiaries in Sri Lanka and India from April 1, 2021 to March 31, 2022. TEEJAY LANKA PLC Chairman’s Review Bill Lam Chairman I am pleased to share that Teejay Group has recorded a revenue of LKR 36 Bn for the nine-month period ending 31st December 2021, which is a 64% YOY growth and net Teejay Lanka PLC is a public quoted company with 39 per cent public ownership. Currently serving as the Group Head of Development and Innovation at Teejay Group, Mohottalage's journey through the industry has been marked by significant contributions and strategic leadership. 86 Bn,17% growth over prior year and a revenue of LKR 31. Industrial Park. Its culture is built on the foundation set by the core values of Integrity, Innovate to Lead, Collaboration, and Togetherness. The company has expanded its presence in both local and international markets, with a state-of-the-art printing facility and a Strategic Business Unit in India. Mohottalage's career journey commenced in 2002 when he embarked on his professional odyssey as a Management Trainee at Teejay Lanka PLC. The Company's segments include Textile manufacturing - Sri Lanka and India, and Fabric printing - Sri Dec 12, 2024 · Teejay Lanka Plc engages in manufacturing and selling of weft knit fabrics. The firm manufactures fabrics, such as viscose, modal, micro-modal, and tencel. 1% top line growth TEEJAY LANKA PLC Review of the Financials Teejay Group closed the 2022/23 FY with a Group revenue of LKR 84. teejay. The Group recorded its highest Revenue, Gross Profit and Net Profit so far this year. Rebranded as “Teejay”, Teejay Lanka PLC, Teejay Lanka Prints (Private) Limited, Teejay India Private Limited Winner of Forbes Asia’s 200 Best Under a Billion Commercial launch of the first Synthetic Fabric 2015 Winning World Textile Awards Acquisition of Ocean India Private Ltd Acquisition of Quenby Lanka Prints (Private) Ltd 2011 Providing employment to over 2600 individuals in Sri Lanka and India, Teejay Lanka believes that driving sustainability and innovation, and creating partnerships and bonds are key components of its corporate DNA. TEEJAY LANKA PLC ANNUAL REPORT 2020/21 Available Online as PDF www. Our manufacturing units Teejay Lanka PLC and Teejay India Private Limited are members of the US Cotton Trust Protocol, while Teejay Lanka PLC and Teejay Lanka Prints (Private) Limited are members of the Fabric and Apparel Accessory Manufacturers Association (FAAMA). We believe that "Conserving and Protecting the Eco-System” is our responsibility towards future generations. Textured Jersey Lanka is incorporated Commercial Production Commences Rebranded as “Teejay” Teejay Lanka PLC Teejay Lanka Prints (Private) Limited Teejay India Private Limited Winner of Forbes Asia’s 200 Best Under a Billion &RPPHUFLDO ODXQFK RI WKH ½UVW Synthetic Fabric Winning World Textile Awards Acquisition of Ocean India Private Ltd 3 days ago · Teejay Lanka PLC is a Sri Lanka-based multinational manufacturer of weft knitted fabric. Sri Lanka's bustling, manufacturing and export driven approach has spurred rapid growth and economic development. The company introduced the first full blotch printing solution in the island. The company also introduced the first imitated yarn dye look and marl look on printing. 35x FY23E Earnings with an attractive Dividend Yield of 7. Founded in the year 2000, Teejay Lanka PLC owns Teejay Lanka Prints (Private) Limited, and Teejay India Private Limited, its subsidiaries in Sri Lanka and India respectively (collectively referred to as the Teejay Group), the first and the only multinational knit fabric mills in Sri Lanka specialising in weft knit manufacturing. Our Group also engages and holds membership with the American Chamber The backbone of our company is formed by none other than our team of committed and hardworking employees Srilanka, Nov. Teejay India Private Limited Plot No. com FEEDBACK We understand that Reporting is a journey of continuous improvement and would appreciate any suggestions you may have in terms of what you would like to see in our next report. jkiw exxg brysh dkp bjy goe kqqd gdrcv uoeyz prlima