Mercantile Investments Annual Report wins CA sector silver, recognised in top 10
View(s):Mercantile Investments and Finance PLC’s (MI), annual report was recognised among the top 10 corporates at the 55th Annual Reports Award Ceremony, held at the Shangri La Hotel in Colombo recently.
Deva Anthony, CFO of Mercantile Investments and Finance PLC, and the Finance Team receiving the award from Ranel Wijesinhe, former Chairman, Securities and Exchange Commission of Sri Lanka
Organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), the Annual Reports Awards is one of the country’s most prestigious and oldest corporate events of its kind.
Titled ‘A Profound Journey’, Mercantile Investments and Finance PLC’s annual report secured the Silver Award in the Finance Company Sector and a place among the Top 10 Annual Reports of Sri Lanka for the financial year 2018/2019.
“With over 130 applicants this year, reaching this milestone was certainly a noteworthy performance. This recognition was received consequent to MI winning at the CMA Integrated Annual Reporting Awards 2019, securing a place in the Top Ten best integrated annual reports, which encompassed the cream of Sri Lankan Corporates,” the company said in a media release.
The report was centred around creating value for people, the customers, employees, communities and the general public who have all played an integral part in Mercantile Investments and Finance PLC’s 55-year business history. Reflecting the importance of human capital, Gerard Ondaatjie, in the Managing Director’s review of the annual report stressed, “Equal emphasis was placed on nurturing human capital to improve productivity, in the light of increasing work demands and sophistication. Accordingly, our investment in training and development activities went up rapidly year-on-year, setting the tone for a more future oriented workforce”
It was yet another laurel in the cap for the company to have earned this prestigious award in acknowledgment of its excellence in financial and non-financial reporting. For over five decades, Mercantile Investments and Finance PLC has been in the forefront of Sri Lanka’s financial services industry and renowned to produce outstanding Annual Reports with due transparency.