Hayleys Fabric

Hayleys Fabric PLC

Logo of Hayleys Fabric
Formerly	Hayleys MGT Knitting Mills (1993-2015)
Company type	Public
Traded as	CSE: MGT.N0000
ISIN	LK0335N00006
Industry	Apparel
Founded	1993; 31 years ago (1993)
Headquarters	Colombo , Sri Lanka
Key people	A. M. Pandithage (Chairman) E. R. P. Goonetilleke (Managing Director/CEO)
Revenue	US$167 million (2023)
Operating income	US$8 million (2023)
Net income	US$1.133 million (2023)
Total assets	US$119 million (2023)
Total equity	US$28 million (2023)
Number of employees	3,088 (2023)
Parent	Hayleys (58.96%)
Subsidiaries	South Asia Textiles Limited
Website	www.hayleysfabric.com
Footnotes / references [1]

Hayleys Fabric PLC, formerly known as Hayleys MGT Knitting Mills, is a knitted fabric manufacturing company in Sri Lanka. Hayleys MGT Knitting Mills was founded in 1993 as a joint venture between Hayleys and MGT Knitting Mills of Australia. The company was listed on the Colombo Stock Exchange in 2003. A fraud incident which was dubbed the biggest in a listed company in Sri Lanka rocked the company in 2011. The company adopted its current name, Hayleys Fabric in 2015. Hayleys Fabric acquired South Asia Textiles Ltd for LKR3.9 billion from Ambeon Holdings in 2021. As a result of the acquisition, Hayleys Fabric became the largest fabric manufacturer in Sri Lanka by exceeding the processing capacity of its closest competitor, Teejay Lanka. Hayleys Fabric is one of the LMD 100 companies in Sri Lanka.