Recognizes the Best among the Best in Corporate Sri Lanka

Business Today TOP TWENTY recognised the best among the best in corporate Sri Lanka for the financial year 2009-2010.
The ceremony held recently with the participation of Basil Rajapaksa, Minister of Economic Development as the Chief Guest and Secretary to the President Lalith Weeratunga as the Guest Speaker, acknowledged 20 outstanding companies that have displayed exceptional performance in corporate Sri Lanka during the year. Since the launch of the Business Today TOP 10, it is the first time that the Business Today top performers of corporate Sri Lanka were chosen in a period falling within the post-war era. The Business Today TOP TWENTY were selected with a view to mapping the near and longer term business landscape and towards encouraging worthy prospects and contenders. Over the 12-year period of the Business Today TOP 10 awards, the positions have been secured by the same corporate bodies giving little space for upcoming companies. Thus with the expansion of the top corporate list, Business Today TOP TWENTY presented a clearer benchmark of the topmost Companies in Sri Lanka further reflecting the dynamism in the private sector.

This year John Keells Holdings escalated to the number one spot from number three ranking last year. Transport was the main contributor to the Group’s after tax profits, contributing 41 per cent. Operation of the South Asia Gateway Terminals at the Colombo Port was the main driving factor for JKH.

Hatton National Bank and Bukit Darah secured the second and third positions respectively. The Ceylon Tobacco Company ranked fourth while Commercial Bank of Ceylon secured the fifth spot. The Colombo Dockyard was placed sixth, Sri Lanka Telecom at seventh while DFCC Bank secured the eighth position. Completing the top 10 were Hayleys at ninth and Distilleries Company of Sri Lanka at 10th positions.

The ranking continues with NDB Bank at 11, Sampath Bank – 12, Aitken Spence – 13, Cargills (Ceylon) – 14, Lankem Ceylon – 15, Lanka Orix Leasing Company – 15, Chevron Lubricants Lanka – 16, Nestlé Lanka – 16, Tokyo Cement Company (Lanka) – 17, Diesel & Motor Engineering – 18, Seylan Bank – 19 and Lanka Walltile – 20.

The Business Today TOP TWENTY companies have been selected out of public quoted companies on the basis of their financial performance, during the financial year ending 31 December 2009 or 31 March 2010.

http://www.news.lk/news/development/17158-business-today-top-twenty