Home / Front Page/ Hayleys retains top spot in LMD 100 rankings

Hayleys retains top spot in LMD 100 rankings


Comments / {{hitsCtrl.values.hits}} Views / Wednesday, 10 October 2018 00:00


 

  • LOLC and JKH follow in second and third places

In an exclusive pre-publication release to Daily FT, the publisher of leading business magazine LMD, Media Services, announced its top 20 line-up in the forthcoming LMD 100 special edition.

Hayleys retains the No. 1 slot in the 25th edition of Sri Lanka’s pioneering listed company rankings for financial year 2017/18. With its consolidated revenue exceeding Rs. 163 billion, the conglomerate secured top spot for the second consecutive year on the back of a 47% hike compared to 2016/17.

This marks the fourth occasion that Hayleys has occupied the prime position in Sri Lanka’s version of the Fortune 500.

After breaking into the top 10 last year, LOLC climbs another four places to take second place on the podium with a top line of almost Rs. 150 billion. Last year’s runner up John Keells Holdings (JKH) takes third place with an increase in revenue of 14%, having occupied the No. 1 spot on 13 previous occasions over the years.

The other listed companies in the top five consist of Hatton National Bank and Commercial Bank, claiming fourth and fifth places respectively.

Sampath Bank enters the top 10 by moving up five notches to claim the No. 6 position, followed by Dialog Axiata, CT Holdings, Lanka IOC and Cargills to round off the LMD 100’s top 10.

A spokesperson for Media Services says that the 100-strong rankings “once again affirm that Sri Lanka’s largest conglomerates, banks, finance companies and insurance firms continue to lead the way for listed entities in this country.”

In addition to the listed company rankings, the annual LMD 100 special edition will cover the economy and performance of the top 10 in the period since the end of the 2017/18 financial year. It will also feature a series of interviews with some of the LMD 100’s high achievers.

Media Services says the LMD 100 special edition will be released in December.

 


Share This Article


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 Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.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

Fruits, flowers and futile triumphalism at Galle Face?

Wednesday, 19 December 2018

Every morning, I play voyeur and watch that nice neighbourhood uncle pluck flowers to pooja-fy his guardian deities. He is quite religious about it. And industrious to boot. The problem, of course, is that he doesn’t restrict himself to his garden.


Will Kyaukpyu overtake Gwadar and Hambantota?

Wednesday, 19 December 2018

China last month signed a $1.3 billion contract for Myanmar’s Kyaukpyu port project. The figures doing rounds in media in the run up to this port deal were as high as $7.9 billion which had ignited enormous curiosities. The Chinese had been negoti


Things to do in a Democracy when you’re dead…

Tuesday, 18 December 2018

In yesterday’s column, I argued a case for not impeaching the chief executive of the coup that has left our country situation in ruins. At the end of a pitched battle between the forces of unconstitutional ambition on one hand and democratic resist


Tweaking the New Inland Revenue Act (Part II)

Tuesday, 18 December 2018

In the backdrop where the recent amendment to the country’s supreme law is called in question, it may be appropriate to recall that the passage of the new Inland Revenue (IR) Act through Parliament was far more controversial. Nevertheless, the new


Columnists More