Home / Business/ Abans Plc wins Silver Award for Annual Report for second consecutive year

Abans Plc wins Silver Award for Annual Report for second consecutive year


Comments / {{hitsCtrl.values.hits}} Views / Thursday, 5 December 2019 00:00


 


Abans Plc won the Silver Award under the Trading Companies category for the second consecutive year at the 55th Annual Report Awards 2019, conducted by the Institute of Chartered Accountants of Sri Lanka at a ceremony held on 3 December at Shangri-La Colombo. 

The Chief Guests at the function were Parliamentarian Anura Priyadharshana Yapa and Sri Lanka Central Bank Governor Dr. Indrajit Coomaraswamy. 

The prestigious award was another significant achievement by Abans Plc and amply demonstrated its commitment not only in the field of retail trading but also for proper financial reporting, good governance, social responsibility, ethical business practices, etc. The award was received by Group CFO Chandrika Perera and the finance team.

This year, ICASL received applications from a wide range of organisations, from conglomerates and multinationals to small and medium-sized enterprises and non-profit organisations who vied for the prestigious awards that span a history of more than half a century. This shows the Board’s willingness to showcase its commitment towards transparent and effective communication to stakeholders through the publication of informative and precise annual reports, thereby promoting effective presentation of financial and non-financial information, and compliance with legislative requirements and generally accepted accounting practices.

Abans Plc is the flagship company of the Abans Group, which is a diversified conglomerate of over 30 independent companies involved in various trading and manufacturing activities and providing a host of integrated services. The company broad-based its shareholdings and became a publicly-quoted company on the Colombo Stock Exchange. The company, founded by Aban Pestonjee, bears more than 50 years of entrepreneurship.

Abans Plc, the trading arm of the Abans Group, is the market leader and sole agents in Sri Lanka for the world’s leading electronic and home appliances brands which are marketed through a network of showrooms and authorised dealers’ island-wide. Abans is a household name in Sri Lanka, trusted for quality and durable products at affordable prices.

 


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Stock market, Mark Mobius and State entities

Wednesday, 29 January 2020

The expert of emerging capital markets, Mark Mobius was in Sri Lanka recently. A key recommendation he made for the development of the local capital market was to list certain State entities in the Colombo stock market. The local stock brokerages se


Autocatalytic descent from plural democracy to supremacist authoritarianism

Wednesday, 29 January 2020

In a few days, Sri Lanka will celebrate its 72nd year of independence from colonialism. But behind the pomp and pageant of that celebration is a sad reality of an autocatalytic process – a small initial event triggering a chain reaction that evolve


Trump destroying brand USA: Implications for Sri Lanka

Wednesday, 29 January 2020

There is an old adage that ‘politics and tourism’ has a positive correlation. Many have tried to disprove this aspect but the relationship is coming out very strongly, the latest case study to the world being in the United States.


Freedom! Freedom! Where art thou?

Wednesday, 29 January 2020

Freedom: who could object? Yet this word is now used to justify a thousand forms of exploitation. In the name of freedom – the freedom of the powerful to exploit the weak, the rich to exploit the poor. The definition of freedom is, the condition of


Columnists More