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24 Sri Lankan companies honoured at 25th SAFA Best Presented Annual Report Awards hosted by CA Sri Lanka

 

 

 

 

A total of 24 Sri Lankan companies were honoured for their excellent annual reporting and for also promoting transparency, accountability, and governance in financial reporting at the 25th Best Presented Annual Report Awards of the South Asian Federation of Accountants (SAFA).

The prestigious South Asian awards ceremony was hosted by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and held in Colombo under the patronage of Mr. Hennayake Bandara, President of SAFA, Mr. Sanjaya Bandara, President of CA Sri Lanka, Mr. Heshana Kuruppu, Chairman of the SAFA Committee for Improvement in Transparency, Accountability and Governance (ITAG) and Vice President of CA Sri Lanka, Prof. Lakshman R. Watawala, President of CMA Sri Lanka and Ms. Dulani Fernando, CEO of CA Sri Lanka.

Five Sri Lankan companies bagged five main awards at this year’s SAFA awards. Sri Lanka Telecom PLC won the communication & information technology sector main award, Singer Sri Lanka PLC was the winner under the services sector, Namunukula Plantations PLC was the agriculture sector winner and Access engineering PLC walked away as the winner under the infrastructure & construction sector. Under the integrated reporting category, the National Development Bank PLC was adjudged a joint winner.

The other Sri Lankan companies which won awards and certificates were Commercial Bank of Ceylon PLC, Hatton National Bank PLC, Bank of Ceylon, People’s Bank, Union Assurance PLC, Softlogic Life Insurance PLC, HNB Assurance PLC, Singer Finance (Lanka) PLC, Alliance Finance Company PLC, People’s Leasing & Finance PLC, Dipped Products PLC, Hayleys Fabric PLC, Sri Lanka Institute of Marketing, Ceylon Chamber of Commerce, Plantation Human Development Trust, Resus Energy PLC, John Keells Holdings PLC, RIL Property PLC and Diesel & Motor Engineering PLC.

The competition received a total of 104 applications for this year’s awards ceremony, from Bangladesh, India, Nepal, Pakistan, and Sri Lanka. Awards were given under 13 categories comprising of private and public sector banks, insurance sect