Business Today TOP TWENTY corporate performers
Business Today TOP TWENTY recognised the best in corporate Sri Lanka
for the financial year 2009-2010. The ceremony was held at the Hilton
This year, John Keells Holdings rose to the number one slot from
number three last year.
The Business Today TOP TWENTY award
winners for 2009-2010 with the Chief Guest Minister of
Economic Development Basil Rajapaksa, Secretary to the
President Lalith Weeratunga, Chairman/Managing Director BT
Options Mathi K Parthipan, Analyst, Business Today TOP
TWENTY Keith Bernard. Award winner Chevron Lubricantsí
CEO/MD Kishu Gomes stood out in his national costume.
Transport was the main contributor to the Groupís after tax profits,
contributing 41 percent. Operation of the South Asia Gateway Terminals
at the Colombo Port was the main driving factor JKH.
Hatton National Bank and Bukit Darah secured second and third
positions. The Hatton National Bank recorded a 35 percent growth in
profit after tax and posted Rs. 4.3 billion of profit after tax. Bukit
Darahís consolidated profit after tax had increased to 158 percent.
Ceylon Tobacco Company ranked fourth while Commercial Bank of Ceylon
was fifth. Colombo Dockyard was placed sixth, Sri Lanka Telecom at seven
while DFCC Bank the eighth position.
Completing the top ten were Hayleys at ninth and Distilleries Company
of Sri Lanka at tenth positions. 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, Nestle Lanka -
16, Tokyo Cement Company (Lanka) - 17, Diesel & Motor Engineering - 18,
Seylan Bank - 19 and Lanka Walltile - 20.
The Business Today TOP TWENTY - companies were selected out of public
quoted companies on the basis of their financial performance, during the
financial year ending December 31, 2009/March 31, 2010.
The criteria used for selection were; sales turnover, growth in sales
turnover, profits, growth in profits, return on equity, growth in
earning per share, market capitalisation, value of shares transacted and
High and growing top line performance, though necessary, is not the
only criteria necessary to qualify as a Business Today TOP TWENTY
Business Today, since 1998 has annually recognised the top corporate
performers in Sri Lanka who have strengthened the economy during