Hela Apparel Holdings Archives

November 18, 2024

Hela Apparel Holdings PLC has announced a significant improvement in its financial performance during the quarter ended 30th September, with a return to operating profit for the first time in eight quarters. This positive result highlights the recovery of demand conditions in its key export markets and underscores the successful outcomes of its ongoing restructuring […]

October 15, 2024

14th October 2024, Colombo, Sri Lanka: Hela Apparel Holdings PLC has confirmed the successful completion of its rights issue, raising Rs. 1,596,826,135 through the issue of shares. This achievement reflects the strong support of the company’s shareholders and will contribute to the strengthening of the Hela Group’s balance sheet for future growth. The rights issue […]

January 26, 2024

Landmark acquisition signifies the first time a Sri Lankan apparel manufacturer has acquired a brand management company in one of its key markets. 25 January 2024, Colombo, Sri Lanka: In a landmark move for the Sri Lankan apparel industry, Hela Apparel Holdings PLC has announced the acquisition of a major UK-based apparel brand licensing house. […]

June 1, 2023

01st June 2023, Colombo: The fourth quarter of FY 2022/23 marked the close of a challenging year for Hela Apparel Holdings PLC. While revenue of Rs. 20.5 Bn in Q4 represented a 40.6% increase in the same period of the previous year, this was primarily driven by the impact of the rupee […]

May 15, 2023

Colombo, Sri Lanka, Affirming the company’s unwavering dedication to ensuring a trajectory towards net zero by 2050, Hela Apparel Holdings received the ISO 14064-1:2018 certification for quantification and reporting of greenhouse gas emissions across the Group, for the second consecutive year. A comprehensive group-wide GHG inventory assessment was carried out, taking into account […]

February 15, 2023

14th February 2023, Colombo: Hela Apparel Holdings PLC navigated an exceptionally challenging global operating environment during the third quarter of FY 2022/23. While the Group’s quarterly revenue of Rs. 21.8 Bn represented a 44.8% increase compared to the same period of the previous year, this primarily reflected the impact of the rupee’s […]

January 19, 2023

Colombo, 19th January 2023 – MiHCM, a global HR technology provider, successfully implemented MiHCM Cloud across the global manufacturing facilities of the Hela Group in Sri Lanka, Ethiopia, and Egypt. The programme was initiated with an aim to digitize its HR operations and increase employee efficiency, productivity, overall engagement, and further improve […]

November 15, 2022

15th November 2022, Colombo: Hela Apparel Holdings PLC recorded a resilient performance in the second quarter of FY 2022/23, with revenue of Rs. 28.2 Bn representing an 88.5% increase compared to the same period of the previous year. While the significant growth was partly driven by the depreciation of the rupee, revenue […]

October 5, 2022

COLOMBO, Sri Lanka, October 4th, 2022— As part of its drive towards digitalisation for enhanced productivity, efficiency and sustainability, Hela Apparel Holdings completed the first phase of its global implementation of SAP S/4HANA®, an enterprise application suite developed by SAP, on 4th October 2022. With this, Hela becomes the first company to […]

August 15, 2022

15th August 2022, Colombo: Hela Apparel Holdings PLC recorded an impressive start to the financial year, with revenue growing by 114% year-on-year to Rs. 24.5 Bn in the first quarter. The significant growth was partly driven by the depreciation of the rupee during this period, while the Group’s underlying US Dollar-denominated […]

Hela Apparel Holdings PLC Reports Significantly Improved Financial Performance in Q2 FY 2024/25

Hela Apparel Holdings PLC Completes Successful Rights Issue, Raising LKR 1.6 Billion

Hela Apparel Holdings PLC Acquires Major UK-Based Apparel Brand Licensing House

Hela Apparel Holdings Completes FY 2022/23 with Resilience, Amidst a Challenging Operating Environment

Hela Apparel Holdings receives ISO 14064-1:2018 certification for the second consecutive year

Hela Apparel Holdings Navigates an Exceptionally Challenging Operating Environment During the Third Quarter of FY 2022/23

Hela Apparel Holdings transforms to Digital HR with MiHCM Cloud

Hela Apparel Holdings Records a Resilient Performance in Q2, Amidst a Challenging Demand Environment

Hela Apparel Holdings rolls out SAP S/4HANA® to deliver enhanced business value for the global enterprise

Hela Apparel Holdings Marks an Impressive Start to FY 2022/23