Teejay Lanka
Company type | Public |
---|---|
| |
ISIN | LK0394N00003 |
Industry | Apparel |
Founded | 2000 |
Headquarters | , Sri Lanka |
Key people |
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Revenue | LKR49,587 million (2022) |
LKR2,573 million (2022) | |
LKR2,531 million (2022) | |
Total assets | LKR59,893 million (2022) |
Total equity | LKR28,225 million (2022) |
Owners |
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Number of employees | 2,819 (2022) |
Subsidiaries |
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Website | www |
Footnotes / references [1] |
Teejay Lanka PLC formerly known as Textured Jersey Lanka is a
History
In 2000, Textured Jersey Lanka was founded as a joint venture between Linea Clothing and Textured Jersey UK. In 2004, Pacific Textile Holdings acquired Textured Jersey UK's stake in the company.[5] In 2007, shareholding changed with Brandix joining Pacific Textiles,[6] and in 2011 the company was listed publicly. In 2016, the company was rebranded as Teejay Lanka.[7] In 2021, Teejay Lanka won the award for the best textile exporter at the Presidential Export Awards for the third consecutive year.[8] Sri Lankan business executive, Ajit Gunawardene was appointed as the chairman of the company in 2022.[9]
Operations
The company carries out manufacturing operations in Sri Lanka as well as in India. Despite the lockdowns due to the COVID-19 pandemic in Sri Lanka and India, Teejay Lanka was able to post a net profit of LKR 2.4 billion in the fiscal year of 2019/20 which is an improvement of 28 percent over the last year.[3] During the pandemic Tejay Lanka moved to manufacture personal protective equipment or PPE as a strategic decision.[10]
Legal issues
On August 10, 2020, the Colombo Magistrate Court issued a notice on the company to appear before the court in connection to an alleged attempt to dump hazardous waste into the ocean through a contract.[11]
See also
References
- ^ "Annual Report 2021/22" (PDF). cse.lk. Teejay Lanka PLC. Retrieved 13 August 2022.
- ^ "Teejay Lanka PLC". ft.com. Financial Times. Retrieved 13 March 2021.
- ^ a b "Teejay ends 2019-20 with net profit up 28-pct". lankabusinessonline.com. Retrieved 13 March 2021.
- ^ "Annual Report 2019/2020" (PDF). Teejay Lanka. Retrieved 13 March 2021.
- ^ Daniel, Devan (21 April 2017). "Teejay Lanka is busting myths about investing in India". echolon.lk. Echelon Media (Pvt) Ltd. Retrieved 13 August 2022.
- ^ "Brandix, MAS announce change in ownership of connected joint ventures". The Sunday Times. Wijeya Newspapers. 16 September 2007. Retrieved 13 August 2022.
- ^ "Knit fabric maker changes name to Teejay Lanka PLC". dailymirror.lk. Wijeya Newspapers. 22 September 2016. Retrieved 13 August 2022.
- ^ "Twin wins for Teejay Lanka at Presidential Export Awards". The Island. Upali Newspapers. 5 December 2021. Retrieved 13 August 2022.
- ^ "Business leader Ajit Gunewardene to be appointed Teejay Lanka Chairman". Daily FT. Wijeya Newspapers. 2 February 2022. Retrieved 13 August 2022.
- ^ "Sri Lanka's Teejay expects supply chain shake-up, lower cotton prices to help". economynext.com. Echelon Media. Retrieved 13 March 2021.
- ^ Fernando, Nishel (12 August 2020). "Notice re-issued on Teejay Lanka over alleged sludge waste dumping". dailymirror.lk. Daily Mirror. Retrieved 13 March 2021.