Expolanka, Hayleys, LOLC and JKH take honours in LMD 100 rankings

Thursday, 22 September 2022 00:25 - - {{hitsCtrl.values.hits}}

In an exclusive pre-publication release to the Daily FT, the publisher of leading business magazine LMD, Media Services, announced its top 12 line-up in the forthcoming LMD 100 special annual edition.

Expolanka takes the top spot in the 29th edition of Sri Lanka’s pioneering listed company rankings for Financial Year 2021/22. With a consolidated revenue in excess of Rs. 694 billion, the conglomerate has secured top spot in Sri Lanka’s version of the Fortune 500 for first time on the back of a whopping 217% hike in turnover compared to the previous year.

Last year’s number one Hayleys occupies second place on the podium with a top line of Rs. 338 billion while LOLC Holdings retains third place with a consolidated revenue of Rs. 224 billion.

The other listed entities in the top five are John Keells Holdings (JKH) and Carson Cumberbatch, which are placed fourth and fifth respectively.

Meanwhile, LOLC Holdings holds on to the top spot in the profitability rankings with a profit after tax in excess of Rs. 77 billion, followed by Expolanka (Rs. 72.8 billion). Browns Investments, Brown and Company and Hayleys round up the five most profitable listed companies in 2021/22.

A spokesperson for Media Services says the 100-strong rankings “affirm that Sri Lanka’s largest conglomerates remain at the forefront of listed entities. If the results of the top 12 are anything to go by, 2021/22 has been a watershed year for Sri Lanka’s highly diversified listed entities – despite the impact of the pandemic”.

In addition to the listed company rankings, the annual LMD 100 special edition will cover the national economy and performance of Sri Lanka’s leading listed companies in Financial Year 2021/22. It will also feature a series of interviews with a collection of the LMD 100’s high achievers.

Media Services says the LMD 100 special edition will be released in January.