John Keells Holdings managed to retain their number one position in Business Today TOP TWENTY FIVE, yet again establishing their place as a leader among the corporate sector of the country. Total revenue of the group recorded an increase of five percent to reach 89.26 billion rupees while their PAT increased by nine percent to 12.54 billion rupees. The group’s growth was attributed to their food and retail, leisure, transportation and financial services sectors.
The second and third positions were secured by Commercial Bank of Ceylon and Ceylon Tobacco Company respectively. Being the largest private bank in Sri Lanka, Commercial Bank recorded a PAT of over ten billion rupees while contributing 57,534 million rupees of interest income to the economy. The Ceylon Tobacco Company reported a top line growth of eight percent to reach 89.4 billion rupees and a 12 percent growth in PAT to 9.1 billion rupees.
Bukit Darah came next at number four while Hatton National Bank, Distilleries Company of Sri Lanka, Dialog Axiata, Sri Lanka Telecom, Lanka IOC and Aitken Spence comprised the top ten companies of Business Today TOP TWENTY FIVE.
The ranking of the top twenty five companies of Sri Lanka continues with Hayleys at 11, Sampath Bank - 12, Nestlé Lanka - 13, People’s Leasing & Finance - 14, Central Finance Company - 15, DFCC - 16, Lanka Orix Leasing Company - 17, National Development Bank - 18, Vallibel One - 19, Access Engineering - 20, Chevron Lubricants Lanka - 21, Hemas Holdings - 22, Seylan Bank - 23, Tokyo Cement Company (Lanka) - 24 and Ceylinco Insurance at number 25.
The Business Today TOP TWENTY FIVE companies were selected on the basis of their financial performance during the financial year ending December 31, 2013 and March 31, 2014. It is strictly based on the published information of companies listed on the Colombo Stock Exchange. Financial criteria considered include share turnover, revenue, profit after tax, return on equity, earnings per share, market capitalisation, value of shares transacted and value addition.
Since 1998, Business Today has recognised and awarded top corporate performers annually for 17 years, acknowledging their contribution to the economic development of Sri Lanka