Investor Relations News - Teejay Limited
News
26 July 2018
Capacity expansion in India and an increased order book from the US and EU have enabled Teejay Lanka PLC, Sri Lanka’s only multinational textile manufacturer, to make a strong start to 2018-19 with healthy sales and profit growth.

09 May 2018
25 January 2017
05 January 2017
12 August 2016
29 July 2016
02 March 2016
Sri Lanka’s fabric industry is emerging from the closet and gearing up to make a strong country impact, with Teejay leading the charge.

02 February 2016
The TJL Group, the region's largest Knit Fabric manufacturer, today announced its 3rd quarter financial results, delivering its strongest quarter ever. The Company delivered an impressive year on year bottom-line growth of 79 percent; a testament to its first full quarter as a Group; consolidating the performances of its subsidiaries Ocean India Private Ltd.

30 October 2015
The TJL Group who had successfully concluded the acquisitions of Quenby Lanka Private Ltd. (QBL), on 1st September 2015 completed its second takeover of Ocean India Private Ltd. (OCI), recorded a consolidated revenue of Rs. 4.0 billion with a net profit of Rs. 468 Million for the quarter ending 30th September 2015.

10 August 2015
Teejay (TJL) reported a net profit of Rs. 206mn for the quarter ended 30th June 2015 (1Q FY 2015/16), a commendable overall profit growth of 26% year on year. According to Mr. Bill Lam, Chairman of TJL, the company achieved two key strategic milestones during the year; announcing the acquisitions of Ocean India (Private) Limited (OCI) and Quenby Lanka Prints (Private) Limited (QLP).

29 June 2015
Just weeks after being crowned overall victor and 'International Textile Firm of the Year' at the World Textile Awards in London, Teejay is on another mission to excel. The Company just announced their intent to acquire Ocean India (Pvt) Ltd, further to the disclosure made last February with regard to the initiation of independent valuations and due diligence studies with a view to acquiring a controlling stake in that company. Ocean India (Private) Limited, is a knit fabric manufacturing operation in Visakhapatnam, India ("Ocean India").

21 May 2015
Teejay (TJL) recorded its highest ever annual net profit of Rs. 1.3bn for the year ended 31st March 2015, an increase of 16% year-on-year. This result was achieved on the back of a Rs. 512mn net profit for the quarter ended 31st March 2015, representing an impressive 46% year-on-year increase.

30 January 2015
Teejay (TJL) reported a net profit of Rs. 376mn for the quarter ended 31st December 2014 (3Q FY2014/15), a significant increase of 25% compared to the corresponding period of last year. The company’s strong cash position has allowed TJL to maintain its trend of generous dividend pay-outs with Rs. 0.50 per share being declared as an interim dividend for FY2014/15.

10 November 2014
Teejay (TJL) has reported a top line of Rs. 3.5bn and net profit of Rs. 282mn for the quarter ended 30th September 2014 (2Q FY2014/15). According to Mr. Bill Lam, Chairman of TJL, this marked an emphatic recovery from the temporary setback suffered in the previous quarter, with sales up 29% and net profit up 72% on a quarter on quarter basis.

28 January 2014
Teejay (TJL) reported a strong 16% year-on-year growth in net profit to Rs. 805mn for the nine month period ended 31st December 2013, supported by robust growth in turnover. The company maintained its generous dividend pay-out policy and declared an interim dividend of Rs. 0.50 per share representing 41% of the net profit for the nine months.

06 November 2013
Teejay (TJL),the premier knit fabric manufacturer in Sri Lanka, has been at the forefront for continuously innovating and developing its products and services, aiming to deliver unparalleled speed, quality, reliability, sustainability and value for its customers.

01 November 2013
Teejay, in a statement released to the CSE, has announced the appointment of Sriyan de Silva Wijeyeratne as Managing Director/CEO of the company with effect from 1st November 2013.

01 November 2013
Teejay (TJL) reported a 68% year-on-year bottom line growth for the quarter ended 30th September 2013 (2Q FY2013/14), continuing on its impressive performance.

25 July 2013
Rs.0.58/share final dividend brings the FY12/13 combined pay out to 80% of FY12/13 full year profits

As per the latest results released to the Colombo Stock Exchange (CSE), Teejay (TJL), Sri Lanka's leading provider of knit fabric, started the new financial year posting an impressive Rs. 240mn net profit for the quarter ended 30th June 2013

04 July 2013
In an announcement to the CSE on the 1st of July 2013, Teejay declared a final dividend of Rs.0.58 per share for the year ending 31st March 2013. The final dividend brings the total dividends paid for the year to an impressive Rs.1.24 per share and comes on the back of a record annual net profit of Rs.1.02bn.

The final dividend is subjected to shareholder approval during the upcoming AGM scheduled to be held on 23rd of July at BMICH - Committee room B at 2.30 pm.
04 July 2013
Teejay (TJL), Sri Lanka's leading provider of knit fabric, has delivered an impressive Rs.1.02 bn in net profit for the full year ended 31st March 2013 (FY2012/13), an increase of 62% year on year, as per the latest results released to the Colombo Stock Exchange (CSE).
15 February 2013
In response to the impressive performance of the company in the first nine months of the financial year Teejay has declared a first interim dividend of Rs. 0.66 (Cents 66) per share on 7th February 2013. XD date for this dividend is 18th February 2013 and date of payment is 28th February 2013. This is a pay-out of 62% of profits.
02 February 2012
Teejay (TJL), Sri Lanka's leading provider of knit fabric to major global brands such as Victoria's Secret, Marks & Spencer, Intimissimi and Decathlon, reported Rs. 365mn in net profit for the quarter ended 31st December 2012 (3Q FY2012/13), growing 95% compared to the same period last year, as per the financial results released to the Colombo Stock Exchange (CSE).
25 May 2012
In an announcement to the Colombo Stock Exchange on 24th May 2012, Teejay (TJL) declared a final dividend of Rs. 0.36 per share, subject to shareholder approval. This is in addition to an interim dividend of Rs. 0.12 per share declared by the company in March 2012, thereby totaling the dividend during the year to Rs. 0.48 per share. This gives a dividend pay-out ratio of 50%, as per the published unaudited profit of Rs. 628mn for FY 2011/12, and a dividend yield of 6.4% at the current share price of Rs. 7.50. The dividend pay-out of 50% is well in excess of the 1/3rd dividend pay-out policy that the company announced it would follow at its IPO in June 2011, and confirms the company's commitment to enhance shareholder return and management's confidence in the company's outlook.
25 April 2012
In terms of Section 8 of the Listing Rules of the Colombo Stock Exchange we would like to inform the Colombo Stock Exchange that during the financial year ended 31st March 2012, the company has invested a small portion of the funds raised through the IPO in addressing bottlenecks within the existing production facility which has assisted in increasing capacity as well as improving efficiency.
09 February 2012
Teejay (TJL) ended the nine months to 31st December 2011 on a positive note, with strong top line growth through a combination of strategic price and volume increases and the introduction of higher value products to its product portfolio.
18 August 2011
N9 pure silver technologies have award TJ for its excellence in achieving n9 pure silver technology in textiles in 2011.
08 August 2011
Teejay Ltd. has closed its first quarter of the 2011/12 financial year with a significant improvement in its results in comparison to the first quarter of the previous financial year. The company recorded a net profit of Rs. 143.9mn during the first quarter of 2011/12 in comparison to Rs. 60.9mn in 2010/11. This is on the back of a successful Initial Public Offering of the shares of the company that took place in early July 2011.
06 August 2011
Teejay Ltd. has closed its first quarter of the 2011/12 financial year with a significant improvement in its results in comparison to the first quarter of the previous financial year. This is on the back of a successful Initial Public Offering of the shares of the company that took place in early July 2011.
27 June 2011
Teejay (Private) Limited (Teejay or the Company), whose majority shareholders are Pacific Teejay Holdings Limited, a fully owned subsidiary of Pacific Textiles Holdings Limited of Hong Kong (Pacific Textiles), and Sri Lanka's Brandix Lanka Limited (Brandix Lanka), today launched its Initial Public Offering (IPO) to the value of Rs 1.2 billion.
20 June 2011
Teejay Limited (Company), a joint venture between Pacific Teejay Holdings Limited, a fully owned subsidiary of the Hong Kong listed Pacific Textiles Holdings Limited (Pacific Textiles), and Sri Lanka's Brandix Lanka Limited (Brandix Lanka), has been granted approval by the Colombo Stock Exchange (CSE) for a listing on its Main Board. The subscription list for the IPO will open on the 7th of July 2011 and applications will be accepted from the 27th of June 2011.
5 April 2011
Apr 05, 2011 (LBO) - Teejay, a Hong Kong-Sri Lanka joint venture textile firm said it raised 1.74 billion rupees (15.8 million US dollars) through a private placement of shares ahead of a public offer.
1 April 2011
Teejay (Private) Limited (Teejay), a joint venture between Hong Kong listed Pacific Textiles Holdings Limited (Pacific Textiles)and Sri Lanka's Brandix Lanka Limited (Brandix Lanka), had invited for application of a Rs1.74 bn pre-IPO share placement, prior to seeking a listing on the Main Board of the Colombo Stock Exchange (CSE).
18 March 2011
The Board of Directors of Teejay (Private) Limited (Teejay), a joint venture between Pacific Textiles Holdings Limited of Hong Kong (Pacific Textiles) and Sri Lanka's Brandix Lanka Limited (Brandix Lanka), has decided to seek a listing on the Main Board of the Colombo Stock Exchange (CSE).