Sri Lanka, Feb. 3 -- Teejay Group, Sri Lanka's first multinational textile manufacturer, announced a year-to-date (YTD) profit after tax of LKR 1.9 billion for Q3 (third quarter) of FY2024/25, marking a remarkable 234% increase compared to the same period last year.

Group revenue reached an impressive LKR 49.8 billion for the period ending 31st December 2024, reflecting a 10% growth compared to the previous year. The Group managed to navigate the continued price pressure through recovery in volumes, improved productivity and focused cost reduction initiatives.

While Gross Profit for the period surged to LKR 5.4 billion, representing a 57% improvement year-on-year, Teejay Lanka PLC also reported a strong balance sheet, ending the third q...