Business Today TOP 25 commended the top corporate performers of Sri Lanka for the financial year 2014-2015. The award ceremony was held at the Hilton Colombo acknowledging 25 outstanding companies for their exceptional performance in corporate Sri Lanka during the year yesterday.
Chief guest Prime Minister Ranil Wickremesinghe attended the event with Prof Maithree Wickremasinghe and distinguished guests from the business fraternity, diplomats, politicians and policy makers of Sri Lanka.
John Keells Holdings was once again ranked at number one in the Business Today TOP 25, reiterating the Group’s remarkable standing in the corporate sector of Sri Lanka. The Group saw a 22 percent increase in profit after tax from last year to Rs 15.75 billion with the leisure sector making the largest contribution of 31 percent.
Commercial Bank of Ceylon retained its position at number two while Hatton National Bank moved up the ranking to secure the third position. Recording an asset growth of 31 percent to 797 billion rupees, for the third consecutive year Commercial Bank achieved a profit after tax of over ten billion rupees to reach 11.24 billion rupees. Hatton National Bank recorded assets of over 600 billion rupees while profit after tax exceeded 10 billion rupees.
Ceylon Tobacco Company ranked fourth while the Distilleries Company of Sri Lanka secured the fifth place. Dialog Axiata was positioned sixth, Lanka Orix Leasing Company at seven while Bukit Darah secured the eighth position. Completing the top ten positions Sri Lanka Telecom and Sampath Bank were ranked ninth and tenth positions respectively.
The ranking continued with Hayleys at 11, Aitken Spence 12, Nestlé Lanka 13, Vallibel One 14, National Development Bank 15, DFCC Bank 16, People’s Leasing and Finance 17, Central Finance 18, Chevron Lubricants Lanka 19, Seylan Bank 20, Ceylinco Insurance 21, Nations Trust Bank entered the Business Today TOP 25 for the first time at 22, Hemas Holdings 23, Access Engineering 24 and Lanka IOC 25.
The Business Today TOP 25 companies have been selected on the basis of their financial performance during the financial year ending December 31, 2014 and March 31, 2015.
The Business Today TOP 25 is strictly based on the published information of companies listed in the Colombo Stock Exchange. Turnover alone is not a true indicator of the performance of a company. Financial criteria considered include Share Turnover, Revenue, Profit after Tax, Return on Equity, Earnings per Share, Market Capitalisation and Value Addition. Weights are assigned to the criteria without any prejudice.
Business Today has annually recognised and awarded top corporate performers in the country since 1998 acknowledging them for their invaluable contribution towards reinforcing the country’s economy.
Chief guest Prime Minister Ranil Wickremesinghe attended the event with Prof Maithree Wickremasinghe and distinguished guests from the business fraternity, diplomats, politicians and policy makers of Sri Lanka.
John Keells Holdings was once again ranked at number one in the Business Today TOP 25, reiterating the Group’s remarkable standing in the corporate sector of Sri Lanka. The Group saw a 22 percent increase in profit after tax from last year to Rs 15.75 billion with the leisure sector making the largest contribution of 31 percent.
Commercial Bank of Ceylon retained its position at number two while Hatton National Bank moved up the ranking to secure the third position. Recording an asset growth of 31 percent to 797 billion rupees, for the third consecutive year Commercial Bank achieved a profit after tax of over ten billion rupees to reach 11.24 billion rupees. Hatton National Bank recorded assets of over 600 billion rupees while profit after tax exceeded 10 billion rupees.
Ceylon Tobacco Company ranked fourth while the Distilleries Company of Sri Lanka secured the fifth place. Dialog Axiata was positioned sixth, Lanka Orix Leasing Company at seven while Bukit Darah secured the eighth position. Completing the top ten positions Sri Lanka Telecom and Sampath Bank were ranked ninth and tenth positions respectively.
The ranking continued with Hayleys at 11, Aitken Spence 12, Nestlé Lanka 13, Vallibel One 14, National Development Bank 15, DFCC Bank 16, People’s Leasing and Finance 17, Central Finance 18, Chevron Lubricants Lanka 19, Seylan Bank 20, Ceylinco Insurance 21, Nations Trust Bank entered the Business Today TOP 25 for the first time at 22, Hemas Holdings 23, Access Engineering 24 and Lanka IOC 25.
The Business Today TOP 25 companies have been selected on the basis of their financial performance during the financial year ending December 31, 2014 and March 31, 2015.
The Business Today TOP 25 is strictly based on the published information of companies listed in the Colombo Stock Exchange. Turnover alone is not a true indicator of the performance of a company. Financial criteria considered include Share Turnover, Revenue, Profit after Tax, Return on Equity, Earnings per Share, Market Capitalisation and Value Addition. Weights are assigned to the criteria without any prejudice.
Business Today has annually recognised and awarded top corporate performers in the country since 1998 acknowledging them for their invaluable contribution towards reinforcing the country’s economy.
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