Hayleys tops LMD Top 20 rankings | Sunday Observer

Hayleys tops LMD Top 20 rankings

Hayleys PLC, maintained its position at the forefront of Sri Lanka’s corporate sector by becoming No.1 in the 25th edition of the LMD Top 20 for the second consecutive year.

The LMD Top 20 was named ahead of the complete Top 100 list which will be released this month.

The group’s position at the top of LMD’s rankings comes at a time when Hayleys is celebrating 140 years of innovation and business excellence in the country.

This year’s ranking was the fourth occasion that Hayleys has occupied the prime position in the country’s version of the Fortune 500.

“The Hayleys Group has served as a beacon of innovation in Sri Lanka. It is with pride to note that 140 years later, we still continue to display the same spirit of entrepreneurial dynamism that has long distinguished Hayleys PLC. Our retention of the Number 1 position in the LMD Top 100 rankings for the second year serves as a resounding validation of our growth oriented trajectory,” Hayleys Chairman and Chief Executive Mohan Pandithage said.

“I convey my sincere gratitude to our team of employees for their commitment. We would move forward with renewed determination to elevate Hayleys PLC and the Sri Lankan economy to new heights,” he said.

Hayleys became the first listed company in the country to achieve US$ 1 billion turnover last financial year, representing a 47 percent Year-on-Year (YoY) improvement whilst the group’s extensive range of exports accounts for 3.3 percent of the nation’s total export earnings, Pandithage said.