Business Today magazine's top 20 firms, recognising the cream of Sri Lanka's corporate sector, last week saw John Keells Holdings retaining the number one position for the second consecutive year.
Based on published financial information of companies listed on the Colombo Stock Exchange, the firms were selected on the following criteria; Sales Turnover, Growth in Sales Turnover, Profit, Growth in Profit, Return on Equity, Growth in Earnings per Share, Market Capitalisation, Value of Shares Transacted and Value Addition. The total points scored this year reflect a significant increase as opposed to last year, highlighting the unprecedented growth in the banking, telecommunication, service and retail sectors.
Distilleries Company of Sri Lanka secured the second position in the ranking while Commercial Bank of Ceylon having surpassed Rs 5 billion in profits, came in third, according to a post-event press release issued by the magazine.
The celebration was held under the patronage of Prime Minister D.M. Jayaratne, and Opposition leader Ranil Wickremesinghe.
Business Today said its top 20 ranking this year was a clear reflection of this exceptional performance. "It demonstrates the strength of leading corporate entities while highlighting the awakening of dormant businesses," it said.
Bukit Darah was placed fourth in the rankings while HNB came fifth followed by (in this order) Dialog Axiata, Sri Lanka Telecom, Lanka Orix Leasing Company, DFCC Bank and Sampath Bank.
Aitken Spence was placed at number 11 followed by DIMO, Richard Pieris and Co., Hayleys, Colombo Dockyard, NDB Bank, Cargills (Ceylon), Hemas Holdings, Chevron Lubricants Lanka and Seylan Bank.
The 20 companies were selected with the assistance of KPMG Ford Rhodes, Thornton & Company on the basis of their financial performance during the financial year ending December 31, 2010 and March 31, 2011. |
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