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Sri Lanka’s number one listed company Hayleys Plc Chairman Mohan Pandithage (left) receiving the Award from Ceylon Chamber of Commerce Chairman Samantha Ranathunga at the CIMA LMD 100 Awards ceremony last night. CIMA Sri Lanka Deputy Chairman Manjula De Silva looks on - Pic by Upul Abayasekara
At what was billed as the ‘Corporate Event of the Year,’ LMD released the Top 20 listed company rankings and Sector Winners, at a gala dinner hosted in association with CIMA, to a high-profile guest list of leading corporates last night.
Hayleys and John Keells Holdings (JKH) grabbed the honours at the top of pioneering rankings, with the former taking the number one slot from JKH, by virtue of its Rs. 92.5 billion top line.
LMD announced that JKH was the most profitable listed company in financial year 2014/15, with its consolidated profit after tax surpassing the Rs. 15 billion mark – a record, in the 22-year history of Sri Lanka’s version of the Fortune 500.
Hayleys has taken the number one spot on two occasions in the past, while JKH took the grand prize in eight of the first 10 years of LMD’s listed company rankings – it has occupied the top slot in the last four years as well.
In third place in the 2014/15 rankings is Bukit Darah, the ‘quiet achiever’ in the LMD 100,” it was announced, which is followed by Lanka Indian Oil Corporation and Commercial Bank.
In a sneak preview, a spokesman for LMD reveals that 100-strong rankings for financial year 2014/15 “are dominated by two sectors, namely Sri Lanka’s conglomerates and the private sector banks.”
Media Services, the publisher of business magazine LMD, announced that it will release the LMD 100 special edition on 15 December.
In addition to the listed company rankings, the all-encompassing annual edition covers the economy and the performance of the Top 10 in the period since the end of the 2014/15 financial year. It also features a series of interviews with the leading lights in this year’s LMD 100.
THE LMD 100 Hall of Fame
1 Hayleys
2 John Keells Holdings
3 Bukit Darah
4 Lanka Indian Oil Corporation
5 Commercial Bank of Ceylon
6 Dialog Axiata
7 Sri Lanka Telecom
8 Hatton National Bank
9 CT Holdings
10 Cargills (Ceylon)
11 Expolanka Holdings
12 Sampath Bank
13 Lanka Orix Leasing Company
14 Vallibel One
15 Softlogic Holdings
16 Richard Pieris
17 Colombo Fort Land
18 Aitken Spence
19 Nestlé Lanka
20 Hemas Holdings
