Sunday Nov 17, 2024
Sunday Nov 17, 2024
Monday, 30 September 2024 00:20 - - {{hitsCtrl.values.hits}}
Hayleys Chairman and Chief Executive
Mohan Pandithage
Hayleys PLC has once again claimed the top spot in the 31st annual edition of the LMD 100, cementing its position as Sri Lanka’s no. 1 corporate.
LMD 100 ranks the leading listed companies in Sri Lanka and is known as ‘Sri Lanka’s version of the Fortune 500.’
For the ninth time, the public-listed conglomerate has showcased its unmatched contribution to the national economy during a time when stability and growth are needed most. This achievement underscores the Group’s resilience and adaptability, creating value for its diverse stakeholders amid a challenging environment of economic revival.
Hayleys is one of the country’s most socio-economically impactful organisations and a leading value-added exporter, driven by the unwavering commitment of over 36,000 employees, as well as thousands of small-scale suppliers, farmers, SMEs, and other supply chain partners. The Group continues to lead responsibly by fostering sustainable growth, contributing to the national economy, and supporting communities while ensuring it operates in a manner that safeguards the environment for future generations.
“Our story is one of resilience, determination, and a belief that success can and must come with a purpose – to inspire an inclusive world and a thriving planet,” said Hayleys PLC Chairman and Chief Executive Mohan Pandithage.
“This recognition belongs to our dedicated employees, our greatest asset. These diverse teams drive innovation, operational excellence, and positive social impact, while continuing to uphold the highest standards of corporate responsibility. It is through their collective efforts that we have been able to consistently deliver value to our stakeholders while supporting the growth and development of the nation.
In August 2024, Hayleys PLC retained its national long-term rating of ‘AAA (lka)’ by Fitch Ratings, attesting to the Group’s strong financial stability and resilient earnings profile.”
Accounting for a total of 5% of Sri Lanka’s total export income, Hayleys earned $ 591 million foreign exchange income over the last financial year (FY2023-24). As a net exporter, 54% of Group revenue was generated from exports. The Group distributed Rs. 138.6 billion in cumulative economic value towards Government taxes, employee payments, lenders of capital, and to shareholders – a 6.7% YoY increase.
The conglomerate is recognised for its strong governance practices and has proudly been a participant of the United Nations Global Compact since 2007. .
