Mercantile Investments recognised for excellence in integrated reporting | Sunday Observer

Mercantile Investments recognised for excellence in integrated reporting

Deva Anthony, General Manager Finance of Mercantile Investments and Finance PLC, receives the CMA Top Ten Best Integrated Reports award from the Chief Guest, the Speaker of the Parliament, KaruJayasuriya and from Rachel Grimes, the President of The International Federation of Accountants, (IFAC). Also present is Prof. Lakshman Watawala, the President of CMA Sri Lanka, David McKinnon, Canada High Commissioner and Prof. Ho Yew Kee from Singapore Institute of Technology.
Deva Anthony, General Manager Finance of Mercantile Investments and Finance PLC, receives the CMA Top Ten Best Integrated Reports award from the Chief Guest, the Speaker of the Parliament, KaruJayasuriya and from Rachel Grimes, the President of The International Federation of Accountants, (IFAC). Also present is Prof. Lakshman Watawala, the President of CMA Sri Lanka, David McKinnon, Canada High Commissioner and Prof. Ho Yew Kee from Singapore Institute of Technology.

The Integrated Annual Report published by Mercantile Investments and Finance PLC (MI) for the financial year 2017/18 was recognised as one of the Top Ten Best Integrated Reports in Sri Lanka at the ‘CMA Excellence in Integrated Reporting Awards’ held at Cinnamon Lakeside recently.

The Company continues to raise the bar in reporting excellence, which dates back to more than two decades, before it became a public quoted company in 2011. MI has won numerous local and international accolades for its Annual Reports, which encompasses international frameworks such as the IIRC (International Integrated Reporting Council) reporting framework and GRI (Global Reporting Initiative) standards, a company spokesman said.

Apart from the regulatory requirements, the voluntary embracing of these frameworks further endorses MI’s commitment towards reporting excellence and transparency.

This year’s report highlights MI’s progress in generating value to its wide array of stakeholders, banking on the integrated thinking and a business model unique to MI’s culture and ethos. The pinnacle being the posting of an impressive pre-tax profit of Rs. 879 Million and a post-tax profit of Rs. 514 million, up by 180% and 154% respectively year on year, for the financial year 2017/18, which signifies MI’s commitment in growing investor wealth.

Mercantile Investments and Finance PLC is a Licensed Finance Company under the Finance Business Act No. 42 of 2011, listed on the Diri Savi Board of the Colombo Stock Exchange. 

Comments