Category: Apparel

Oct 31, 2013 (LBO) – Profits at Sri Lanka’s Textured Jersey Lanka Plc, a fabric maker, rose to 263 million rupees in the September 2013 quarter up 68 percent from a year earlier, on strong European demand and better margins, the firm said. The cash positive firm showed a 19 million rupee net interest income. […]

Aug 22, 2013 (LBO) – Kuruwita Textile Mills Plc, a unit of Sri Lanka’s Brandix Apparel group said exports to Bangladesh rose in the June 2013 quarter but losses increased amid cost increases. The firm lost 211 million rupees in the quarter up 355 percent from a year earlier. It reported losses of 8.46 rupees […]

July 25, 2013 (LBO) – Sri Lanka’s Textured Jersey Lanka (TJL), a knit fabric maker, said profits rose 40 percent to 240 million rupees in the March 2013 quarter from a year earlier, and it order book was full. Textured Jersey said revenues were up 10 percent in the March 2013 quarter to 2.9 billion […]

DHAKA, July 7, 2013 (AFP) – Seventy top retailers have pledged to improve worker safety and allow inspection of all of their garment factories in Bangladesh within nine months under a pact signed with unions after a deadly factory collapse, a statement said Monday.But in recent weeks manufacturers have criticised the organisers, saying the BGMEA […]

DHAKA, June 28, 2013 (AFP) – A furious Bangladesh on Friday criticised a “shocking” decision by the United States to cut trade privileges after a deadly garment factory collapse, insisting it had taken concrete action to improve safety.In his announcement that Bangladesh was losing its duty-free trade privileges, US President Barack Obama said the Dhaka […]

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 […]