Chairman A.R. Rasiah (left) and Group CEO Dilanka Jinadasa Hela Apparel Holdings PLC said yesterday it recorded a resilient performance in the second quarter of FY 2022/23, with revenue of Rs. 28.2 billion 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 was 4.7% higher year-on-year in US Dollar terms as the Group’s strategic initiatives helped to offset the softening in consumer demand in its key markets. The positive trend in the Group’s profitability also continued during…
