Hayleys will delve deep into its traditional operations to increase profits in 2004-05 while pegging growth prospects on agriculture and transportation.
The transport sector is earmarked as a key area of growth for the Hayleys Group with growth estimates of between 20 percent and 25 percent during the year.rn
rnExpansion into shipping and the recent acquisition of a 20 percent stake in Colombo Dockyard will fuel growth in the sector. rn
rnThe companys overall profits suffered during the first nine months of the current financial year because of the rupee appreciation, but with conditions reversed export oriented traditional businesses are expected weigh in positively.rn
rnldblquote Traditional sectors of business such as coir, rubber, activated carbon and inland marketing would provide the Company with deep pockets of profitability during the financial year 2003/04 and 2004/05,
dblquote said Lanka Orix Securities analysts Vajira Premawardhana and Shamlee Hasheem.rn
rnRubber products exports a