Ceylinco Insurance moved up the corporate ladder to the 15th position and once again earned the honour of being the only Insurance Company amongst the top 30 companies for the year 2015 / 2016. Sri Lanka’s top 30 companies were feted at a gala ceremony held at the Colombo Hilton recently. The occasion marked the fifth consecutive year that Ceylinco Insurance came out ahead in the insurance arena in the island, achieving a truly unique feat.
Prime Minister of Sri Lanka, Hon. Ranil Wickremasinghe, accompanied by Prof. Maithree Wickremasinghe, graced the awards ceremony as its chief guest. The Premier, delivering the keynote address, elaborated on the development plans of the government, its approach towards countering the numerous challenges faced by Sri Lanka in the economic sphere, his plans to integrate the economy with the rest of the world and finally outlined his vision for our nation. A distinguished gathering of religious and business leaders representing a diverse spectrum of businesses and Parliamentarians were present at the occasion.
Announcing the Top 30 Companies in Sri Lanka, the October 2016 issue of the Business Today magazine, outlined the rigorous process followed in selecting the ‘top 30’and the criteria that needed to be fulfilled which includes the performance during the financial year ending December 31st, 2015 and March 31st, 2016. The financial information being reviewed for the selection process covered several aspects, which included: revenue, share turnover, profit after tax, growth in turnover, growth in profit, return on equity, growth in earnings per share, market capitalisation, value of shares transacted and value addition.