Business Today recognises top corporates

Business Today 'Top Twenty Five' recognised and commended the top corporate performers of Sri Lanka for the financial year 2011-2012. The award ceremony was held on October 22, at the Hilton Hotel. This year Business Today expanded the ranking to twenty five companies to acknowledge and encourage new entrants while appreciating the strong and established blue chips.

The chief guest was Minister of Economic Development Basil Rajapaksa, and the guest of honour was Leader of the Opposition Ranil Wickremesinghe.

Minister of Technology and Research Pavithra Wanniarachchi was also present. John Keells Holdings was again ranked at number one in the Business Today 'Top Twenty Five'. The Group's 27 percent increase in revenue from last year to Rs 76.70 b was attributed to the increase not only in transportation but also leisure and consumer food and retail.

Bukit Darah and Commercial Bank of Ceylon secured the second and third positions. Recording a growth of seven percent, the profit after tax (PAT) of Bukit Darah was Rs.10.7 b. Commercial Bank of Ceylon's PAT grew by 45.71 percent to record Rs 8.048 b.

The Distilleries Company of Sri Lanka was ranked fourth while Lanka Orix Leasing Company secured fifth place. Hatton National Bank came sixth, Ceylon Tobacco Company seventh, while Dialog Axiata secured the eighth position. Hayleys was at ninth position and Sri Lanka Telecom was at tenth position completing the top ten.

The rest of the rankings are: Aitken Spence at 11, Sampath Bank - 12, Diesel and Motor Engineering - 13, Nestlé Lanka - 14, Vallibel One - 15, CT Holdings - 16, Richard Pieris and Company - 17, NDB Bank - 18, DFCC Bank - 19, United Motors - 20, Softlogic Holdings - 21, Expolanka Holdings - 22, Ceylinco Insurance - 23, Chevron Lubricants Lanka - 24 and Colombo Dockyard at number 25.