Fabrice Cavallin, Managing Director receiving the BT TOP 30, 2018-2019 award from Honourable Prime Minister Mahinda Rajapaksa
We were recognised as Sri Lanka’s number one F&B company for 2018-2019 at the recent Business Today TOP 30 awards. Amidst several corporate entities, our company was ranked No.10, propelling nine positions from our previous ranking. Featuring Sri Lanka’s best-performing entities across all industries, the event awarded organisations that achieved growth amongst challenges faced during the 2018-2019 period, demonstrating resilience and ingenuity in serving consumers and supporting the country’s economy.
The 22nd awards ceremony was held under the patronage of the Honourable Prime Minister, Mahinda Rajapaksa.
This is the fifth consecutive year in which Nestlé has been recognised by Business Today. We have been previously ranked No. 19 amongst Sri Lanka’s top thirty leading corporates for the year 2017-2018; No. 11 amongst Sri Lanka’s top thirty leading corporates for 2016-2017; No. 9 in BT TOP 30 for 2015-2016 and No. 13 amongst Sri Lanka’s top twenty five leading corporates for 2012-2013.
Business Today, a leading monthly business magazine in Sri Lanka, has been hosting the Business Today TOP 30 awards since 1997. The Business Today TOP 30 awards are judged based on the published information of listed companies on the Colombo Stock Exchange. It evaluates company performance recorded during the financial year ending December 31 and March 31, with the assistance of KPMG, Ford Rhodes, Thornton & Co in Sri Lanka.
In addition to considering the contending companies’ revenue as criteria for the selection, several other established criteria are also similarly considered. These include: share turnover, revenue, profit after tax, growth in sales turnover, growth in profit, return on equity, growth in earnings per share, market capitalisation, value of shares transacted and value addition.