John Keells Holdings wins top place in Business Today top 25 corporate performers
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Picture shows Minister Rajapaksa handing over the award to JKH Chairman Susantha Ratnayake in the presence of Opposition Leader Ranil Wickremesinghe.
John Keells Holdings (JKH) won top position in the Business Today top 25 corporates at the award ceremony held recently in Colombo. Business Today magazine, in a media statement, said that it expanded the ranking to 25 “in order to acknowledge and encourage new entrants while appreciating the strong and established blue chips of the country”.
The Chief Guest was Basil Rajapaksa, Minister of Economic Development with Opposition Leader Ranil Wickremasinghe as the guest of honour Bukit Darah and Commercial Bank of Ceylon secured the second and third positions, respectively.
Distilleries Company of Sri Lanka came fourth followed by Lanka Orix Leasing Company. Hatton National Bank was positioned sixth, Ceylon Tobacco Company at seventh and Dialog Axiata in eighth position. Hayleys was at ninth position and Sri Lanka Telecom at tenth position completing the top ten.
Others were Aitken Spence at 11, Sampath Bank – 12, Diesel & Motor Engineering – 13, Nestlé Lanka – 14, Vallibel One – 15, CT Holdings – 16, Richard Pieris & Company – 17, NDB Bank – 18, DFCC Bank – 19, United Motors- 20, Softlogic Holdings – 21, Expolanka Holdings – 22, Ceylinco Insurance – 23, Chevron Lubricants Lanka – 24 and Colombo Dockyard at number 25.
“The Business Today top 25 companies have been selected on the basis of their financial performance during the financial year ending December 31, 2011 and March 31, 2012.
Turnover itself is not a clear indicator of the performance of a company. As such, some of the established financial criteria considered for selecting the top twenty five companies included 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,” the statement added.
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