Watawala Plantations extends winning streak at SAFA Annual Report Awards 2015

Sri Lanka’s largest tea and palm oil producer, Watawala Plantations PLC – a subsidiary of Sunshine Holdings PLC – once again received top honours at the recently-concluded South Asian Federation of Accountants (SAFA) Best Presented Annual Report Awards 2015.

Officials from Watawala Plantations PLC were on hand to receive the award at an international gala event which took place on 27 January at the Pan Pacific Sonargaon Hotel, Dhaka, Bangladesh.

Competing against leading local and regional corporates, Watawala Plantations’ constant commitment to improving the quality of its financial reporting helped the company to emerge as the leader in financial reporting within the Agriculture category.

“As one of Sri Lanka’s largest and most successful plantation sector entities, Watawala Plantations is deeply committed to maintaining and refining its reporting protocols in order to instil values of transparency, accountability and good governance at every level of the organisation,” Watawala Plantations PLC Managing Director and Sunshine Group Managing Director Vish Govindasamy explained.

“In that regard we are extremely pleased with Watawala Plantation’s performance at this year’s prestigious SAFA Awards. As with previous years, our company has consistently demonstrated the highest standards of excellence in financial reporting that is competitive on an international level in our sector and so moving forward we will continue to work to uphold and further refine the high standards that we have set for ourselves so far,” he added. 

Watawala Plantations has previously won the SAFA award for Best Presented Annual Report in the agriculture sector for every year from 2012 to 2015. 

Serving as the apex body for the accounting profession in the SAARC region, SAFA represents over 300,000 accountants across Bangladesh, India, Nepal, Pakistan, Maldives and Sri Lanka.