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| Sunday, 2 May 2004 |
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| News Business Features Editorial
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SLT service sector runner-up The Annual Report of Sri Lanka Telecom (SLT) for the year 2002 was presented with the Runners-up award - in the service sector category - in the Annual Report Awards Ceremony conducted by the Institute of Chartered Accountants this year. SLT received this honour after competing against 100 companies in over 17 categories. This is the third consecutive year, SLT has received recognition in this prestigious category as it was named the Runners-up for the same in 2001 and Winner in 2000 (in the category - new Companies incorporates after the 1st of April 1996 & Unquoted Companies). This honour for SLT was a direct outcome of the hard work put in by its Finance and the Corporate Strategy teams. Each year The Institute of Chartered Accountants (ICASL) recognizes the year's best Annual Reports in Sri Lanka, with the goal of acknowledging the best financial practises and reporting procedures companies adhere in organizational management. The ICASL evaluation process for the selection of the winners, are guided by International Accounting Standards and each entry is judged by three separate panel of judges - a technical evaluation team, industry specialist team and an overall panel. Sri Lanka Telecom is one of Sri Lanka's most vital utility companies, with an annual turnover in excess of Rs. 25 billion. The company employs a workforce of more than 7,000 and possesses an island-wide network. The company, after its initial sell out of a 35% stake and management control to NTT of Japan, has had a rapid improvement in its service and productivity by tripling its network strength from 250,000 to 815,000 connections whilst maintaining the same staff strength. Today the facilities and services SLT provides its customers are unmatched in scope. |
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