Hala Enterprises Limited

Business Recorder reported that Hala Enterprises Limited (HAEL) returned to profit in the first nine months of the current fiscal year. Net sales rose 64.90 percent to Rs549.993 million in 9MFY26, while gross profit grew 46 percent. The company earned Rs9.76 million after posting a loss in the same period of the previous year.

According to the report, the company moved its focus away from commodity lines toward higher-value exports, which lifted demand and helped absorb costs more efficiently. Operating profit reached Rs30.947 million, up 18.71 percent, and finance cost fell 36.25 percent on lower short-term borrowings. Earnings per share stood at Rs0.75 against a loss per share of Rs0.21 a year earlier.

Interest free loans from directors increased to Rs238 million as of March 30, 2026, compared with Rs120 million at June 30, 2025. The report also noted that air jet looms imported from China began operating in February 2026, while administrative expense climbed 34.18 percent, which the report linked to higher payroll costs. HAEL makes terry and kitchen towels, and its parent Teejay Corporation Limited holds 30.31 percent of the shares.