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Business Today recognizes TOP 25 Companies in Sri Lanka

Posted on 23 October 2012 by TSL

The Business Today TOP TWENTY FIVE awards ceremony was held on Monday (22) at the Hilton Colombo with the distinguished patronage of Minister of Economic Development Hon. Basil Rajapaksa, Senior Advisor to the President. Business Today recognized the TOP TWENTY FIVE companies this year to acknowledge and encourage the new entrants, while appreciating those who have kept the ship – the Sri Lankan economy – afloat. After all, the private sector is the engine of growth.

The financial year 2011-2012 was a year of highs and lows not only for corporate Sri Lanka but for country’s population at large. Not only were global pressures felt, the economic situation within the country became more cautious where growth slowed down and the exuberance of the previous two years were dampened to a certain degree. In this scenario the private sector of Sri Lanka forged on and 2011-2012 saw the entrance of new companies into the stock market.

The dynamism of the Asian economies especially China and India have proved to a be strength to Sri Lanka including the private sector. Corporate Sri Lanka has been vigilant and has sought partnerships in new areas while maintaining the old thereby – as mentioned previously – keeping afloat our economy. The Business Today TOP TWENTY FIVE are a reflection of the companies that know where they stand and know in which direction to go according to the prevailing situation.

As always with every dark cloud there is a silver lining, the spirit of entrepreneurship and leadership of corporate Sri Lanka has not faded, they have pushed forward in many cases (not all) recording profits greater than the previous year. It is in such an environment that Business Today ranks the TOP TWENTY FIVE companies for their excellence during the financial year 2011-2012.

The Business Today TOP TWENTY FIVE is strictly based on the published information of companies listed in the Colombo Stock Exchange. Turnover alone is not a clear indicator of the performance of a company, as a company with large revenue does not necessarily be making profits nor is it properly managed. Financial criteria considered include Share Turnover, Revenue, Profit after Tax, Growth in Sales Turnover, Growth in Profit, Return on Equity, Growth in Earnings per Share, Market Capitalisation, Value of Shares Transacted and Value Addition. Furthermore, weights are assigned to the criteria uniformly without any prejudice.

With the expansion of the ranking to TWENTY FIVE, new entrants such as Vallibel One, CT Holdings, United Motors, Softlogic, Expolanka and Ceylinco Insurance has come in. It is a great mix of the established and strong blue chips in the country as well as upcoming companies that improved their performance. CT Holdings can be considered as one of the only remaining traditionally managed family companies that reflect generations of Sri Lankans. Banks remain strong in the TOP TWENTY FIVE as well as the telecommunications giants SLT and Dialog.

The following Business Today TOP TWENTY FIVE have been selected on the basis of their financial performance during the financial year ending December 31, 2011 and March 31, 2012 with the assistance of KPMG Ford Rhodes, Thornton & Co.

01. John Keells Holdings
02. Bukit Darah
03. Commercial Bank of Ceylon
04. Distilleries Company of Sri Lanka
05. Lanka Orix Leasing Company
06. Hatton National Bank
07. Ceylon Tobacco Company
08. Dialog Axiata
09. Hayleys
10. Sri Lanka Telecom
11. Aitken Spence
12. Sampath Bank
13. Diesel & Motor Engineering
14. Nestle Lanka
15. Vallibel One
16. CT Holdings
17. Richard Pieris & Co.
18. NDB Bank
19. DFCC Bank
20. United Motors
21. Softlogic Holdings
22. Expolanka Holdings
23. Ceylinco Insurance
24. Chevron Lubricants Lanka
25. Colombo Dockyard

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