DIMO wins 1st place for ‘Best Integrated Annual Report in South Asia’
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Diesel and Motor Engineering PLC (DIMO) recently achieved recognition for its annual report.
DIMO’s 2015/16 annual report was adjudged as the Winner in the Integrated Reporting category, at the SAFA (South Asian Federation of Accountants) Best Presented Annual Report Awards 2015, beating many other annual reports from SAARC Countries, a media release of DIMO revealed.
The SAFA BPA (Best Presented Annual Reports) Award is considered as the most prestigious accolade for financial reporting in the South Asian region and signifies SAFA’s recognition and reward for organisations in the region which have achieved excellence in presentation and disclosure of high quality financial statements.
This award is presented annually since 1996 in one of the SAFA member countries. Judging for the SAFA BPA awards involves the scrutiny of annual reports nominated by the accounting bodies in India, Pakistan, Bangladesh, Nepal and Sri Lanka.
The awards ceremony was held recently at Pacific Sonargaon Hotel, Dhaka, Bangladesh. Moreover, DIMO was also adjudged the 2nd runner up in the Diversified Holdings category. DIMO has consecutively won the top award for Integrated Reporting in Sri Lanka since 2012/13 from The Institute of Chartered Accountants of Sri Lanka (ICASL), the year the category was introduced to CA Sri Lanka Annual Report Awards. This recognition stands testament to DIMO’s longstanding corporate commitment to transparency and accountability to its stakeholders, the company officials said.