LMD (magazine)

Last updated
LMD
LMD magazine cover.jpg
Cover of the January 2022 issue, which portrays Yohani, magazine's 2021 Sri Lankan of the year
Editor-in-chief Hiran Hewavisenti
CategoriesBusiness
FrequencyMonthly
FormatPrint and digital magazine
Circulation 5,000
PublisherMedia Services (Pvt) Ltd
First issueAugust 1994;29 years ago (1994-08)
Country Sri Lanka
Based in Colombo
LanguageEnglish
Website lmd.lk
ISSN 1391-135X
OCLC 1229177893

LMD, formerly known as Lanka Monthly Digest, is an English language Sri Lankan business magazine. Media Services (Pvt) Ltd owns the magazine, and was first issued in August 1994. The magazine is available in print and online versions. Hiran Hewavisenti is the magazine's editor-in-chief. LMD derives its revenue from advertising and subscription fees. Monthly circulation is about 5,000 while monthly readership is around 30,000-40,000. The magazine has a subscriber base of about 1,800. Living and Discover Sri Lanka are the sister publications of the magazine. [1]

Contents

Compiled lists and indices

LMD compiles and publishes popular company listings, rankings and indices.

PublicationNotes
LMD 100Dubbed "Sri Lanka's Fortune 500." [2] A list of leading 100 quoted companies in Sri Lanka. [3]
Sri Lanka’s Most Respected EntitiesAn annual survey carried out in collaboration with Nielsen with 800 corporate respondents. [4]
LMD-Nielsen Business Confidence IndexA monthly survey-based index. [5]
Sri Lankan of The YearThe Sri Lankan who has made the most outstanding contribution each year. [5]
A-List of Sri Lankan BusinesspeopleA list of leading business personalities [6]

LMD 100

Cargills (Ceylon) has been ranked amongst the top 15 on LMD 100 continuously for the past decade. Cargills (9).jpg
Cargills (Ceylon) has been ranked amongst the top 15 on LMD 100 continuously for the past decade.

Dubbed "Sri Lanka's Fortune 500." [2] The magazine has been publishing the LMD 100 since the 1994/95 fiscal year. [5] The latest edition, the 29th edition of LMD 100 was published for the fiscal year 2021/2022 in 2023. Sri Lankan conglomerate, Hayleys was ranked first for the fifth consecutive year in 2022. [2]

2021/22
Rank		2020/21
Rank		CompanyRevenue 2021/22
Rs (mns)		Revenue 2020/21
Rs (mns)
12 Expolanka Holdings 694,157218,735
21 Hayleys 338,010241,276
33 LOLC Holdings 224,100160,482
46 John Keells Holdings 218,075127,676
58 Carson Cumberbatch 170,695114,836
69 Bukit Darah 170,656114,808
74 Commercial Bank of Ceylon 163,675151,966
87 Dialog Axiata 141,915120,142
910 C T Holdings 136,873112,941
1011 Cargills (Ceylon) 136,692112,607
115 Hatton National Bank 135,710134,436
1212 Sampath Bank 113,075109,208
1315 Melstacorp 106,07177,682
1413 Sri Lanka Telecom 102,34891,119
1514 Vallibel One 96,85981,035
1618 Lanka IOC 89,95166,686
1716 Ceylon Cold Stores 84,54368,766
1819 Hemas Holdings 78,83164,501
1917 Singer (Sri Lanka) 76,84867,412
2022 Richard Pieris & Company 67,66856,725
2120 National Development Bank 64,08361,632
2223 Ceylinco Insurance 60,61355,924
2324 Ceylon Beverage Holdings 60,21151,172
2425 Lion Brewery (Ceylon) 58,57149,849
2527 Royal Ceramics Lanka 57,54544,972
26 – Hela Apparel Holdings 56,18032,155
2726 Dipped Products 55,29446,387
2821 Seylan Bank 54,75158,443
2938 Aitken Spence 54,15231,461
3029 Tokyo Cement 52,47842,962
31 –Colombo Fort Land & Building51,55643,231
3242 Brown and Company 50,30429,391
3337 Teejay Lanka 49,58831,780
3431 Nestlé Lanka 45,42037,866
3528 DFCC Bank 43,02943,604
3632 CIC Holdings 41,76037,233
3741 Lanka Walltiles 39,85829,423
3847 Access Engineering 39,63023,837
3930 Nations Trust Bank 38,37840,466
4039 Diesel & Motor Engineering 37,50730,819
41 – ACL Cables 35,32922,619
4233 LAUGFS Gas 34,59735,534
4336 Ceylon Tobacco Company 33,61532,073
4444 Haycarb 33,16025,485
4543 Distilleries Company of Sri Lanka 33,06929,238
4635 People's Leasing & Finance 32,63133,645
4745 Sunshine Holdings 32,16624,339
4860 Hayleys Fabric 31,65314,769
4934 LOLC Finance 30,57033,762
5040 LB Finance 30,15729,930

Source: LMD 100 [7]

Sri Lankan of The Year

Sri Lankan diplomat, Jayantha Dhanapala was LMD's 2006 Sri Lankan of the Year Jayantha Dhanapala.jpg
Sri Lankan diplomat, Jayantha Dhanapala was LMD's 2006 Sri Lankan of the Year
YearPersonNotes
1995 Lakshman Kadirgamar The Minister of Foreign Affairs
1996 Arjuna Ranatunga and "the boys"Under the captaincy of Ranatunga, Sri Lankan team won the 1996 Cricket World Cup
1997 Sanath Jayasuriya [8] Became Sri Lanka's first triple centurian
1998 Ken Balendra Chairman of John Keells Holdings
1999 Lalith Kotelawala Chairman of Ceylinco Consolidated
2000 Susanthika Jayasinghe Became the first Olympic medallist since 1948 in Women's 200 metres.
2001 Chandra Jayaratne Managing Director of Eagle Insurance
2002 Ranil Wickremesinghe The Prime Minister of Sri Lanka
2003 K. N. Choksy The Minister of Finance
2004 Dayananda Dissanayake The Election Commissioner of Sri Lanka
2005 Lakshman Kadirgamar The Minister of Foreign Affairs. Assassinated in 2005.
2006 Jayantha Dhanapala [9] The Under Secretary General of the United Nations for Disarmament
2007 Wijeyadasa Rajapakshe Chairman of the Committee On Public Enterprises (COPE)
2008 Hans Wijayasuriya COO of TM International Berhad
2009 Mahinda Rajapaksa The President of Sri Lanka
2010 Muttiah Muralitharan Retired from Test cricket as the leading wicket taker
2011 Kumar Sangakkara Delivering the MCC Spirit of Cricket Cowdrey Lecture
2012 Pradeep Sanjaya Became the first Sri Lankan Paralympian to win a medal in Men's 400 metres T46
2013 Susantha Ratnayake Chairman of John Keells Holdings
2014"The Sri Lankan cricketer"Sri Lankan Cricket team won their second world title at 2014 ICC World Twenty20
2015 Mahinda Deshapriya [10] The Election Commissioner of Sri Lanka
2016 Indrajit Coomaraswamy [11] The Governor of the Central Bank of Sri Lanka
2017 Jacqueline Fernandez [12] Bollywood actress, starred in According to Matthew
2018 Asha de Vos [13] Marine biologist, listed on the BBC's 100 Women
2019 Kumar Sangakkara [14] The President of Marylebone Cricket Club
2020"The healthcare worker""been pushed to the forefront of efforts to mitigate the impact of the highly contagious respiratory disease" [15] [16]
2021 Yohani Singer, songwriter.
2022 Saliya Pieris President of the Bar Association of Sri Lanka

Source: lmd.lk [17]

Most Awarded 2021

LMD Most Awarded index tallies the cumulative awards won by business establishments in the respective calendar year.[ citation needed ]

Most Awarded 2021 Hall of Fame
20212019/20EntityTotal Awards
12 National Development Bank 60
210 Aitken Spence Hotel Holdings 53
21 Commercial Bank of Ceylon 53
420 Softlogic Life Insurance 36
520 Dialog Axiata 34
623 Ceylon Biscuits 32
714 Union Assurance 30
89 Aitken Spence 28
950 Dilmah Ceylon Tea Company 22
950 Jetwing Hotels 22

Related Research Articles

<span class="mw-page-title-main">Ceylinco Insurance</span> Sri Lankan conglomerate holding company

Ceylinco Insurance PLC is the largest private sector insurance company in Sri Lanka. The company is also engaged in the education and renewable energy sectors. The company offers both life insurance and all classes of general insurance. The company was incorporated in 1987 when the government ended its state monopoly over the insurance sector and the company was listed on the Colombo Stock Exchange the following year. Ceylinco Insurance is an LMD 100 company, an annual list of public companies in Sri Lanka by revenue and ranked 23rd in the 2020/21 edition.

<span class="mw-page-title-main">Vallibel One</span> Sri Lankan conglomerate holding company

Vallibel One PLC is one of Sri Lanka's largest conglomerate companies. The company controls a chain of subsidiaries and listed on the Colombo Stock Exchange since 2011. The company has controlling stakes in LB Finance, Royal Ceramics Lanka, and Delmege Group. The company was included in S&P Sri Lanka 20 Index in 2018. Vallibel One is one of the LMD 100 companies in Sri Lanka.

Chevron Lubricants Lanka PLC is a manufacturer, distributor and marketer of Petroleum-based lubricants in Sri Lanka. The company is one of the constituents of the S&P Sri Lanka 20 Index and the Chevron Corporation holds a controlling stake (51.00%) of the company's stocks. The company offers engine oils, gear oils, transmission oils under the brand name Havoline while offering diesel vehicle engine oils, industrial lubricants, coolants, brake fluids under the brand name Delo. For the financial year 2019/20, Chevron Lubricants Lanka was ranked 67th in LMD 100, a list of listed companies by revenue in Sri Lanka.

<span class="mw-page-title-main">Amaya Resorts & Spas</span> Sri Lankan hotel chain

Amaya Resorts & Spas, trading as Hayleys Leisure PLC, is a Sri Lankan hospitality company. The company is listed on the Colombo Stock Exchange on 11 March 1996 and Sri Lankan conglomerate, Hayleys owns a controlling stake of 61.66% of the company's stocks. In 2020, Amaya Resorts & Spas ranked 87th amongst the top 100 most valuable brands in Sri Lanka by Brand Finance.

<span class="mw-page-title-main">Singer (Sri Lanka)</span> Sri Lankan holding company

Singer PLC is a Sri Lankan holding company engaged in retailing and wholesale marketing home appliances and furniture. The company is also taking part in financial services and manufacturing businesses. The company is listed on the Colombo Stock Exchange since 1981 and in 2017, the Sri Lankan conglomerate, Hayleys acquired the majority of the shares. Singer is ranked 17th in the LMD 100, an annual list of listed companies in Sri Lanka by revenue, in 2020/21 edition. Brand Finance ranked the company 15th most valuable brand in Sri Lanka in its annual list of top 100 brands.

<span class="mw-page-title-main">Royal Ceramics</span> Sri Lankan manufacturing company

Royal Ceramics Lanka PLC branded as Rocell, is a Sri Lankan holding company and is also engaged in manufacturing ceramic tiles and bath ware. The company was founded in 1990 and in 1994, it was listed on the Colombo Stock Exchange. The company is one of the constituents of the S&P Sri Lanka 20 Index. LMD, a Sri Lankan business magazine placed the company 38th in the LMD 100, a list of leading listed companies in Sri Lanka. Brand Finance ranked 74th amongst the 100 most valuable brands in Sri Lanka.

<span class="mw-page-title-main">CIC Holdings</span>

CIC Holdings PLC is a Sri Lankan conglomerate holding company engaged in merchandising and manufacturing chemical products. The company was incorporated in 1964 and listed on the Colombo Stock Exchange in the same year. Initially, the company was a part of Imperial Chemical Industries and prior to 2011, was known as Chemical Industries (Colombo) PLC. The company ranked 41st in LMD 100, an annual list of leading listed companies in Sri Lanka. The company also ranked 31st in Business Today's Top 40 for 2020–21 financial year.

<span class="mw-page-title-main">Dipped Products</span> Rubber glove manufacturer in Sri Lanka

Dipped Products PLC is a rubber glove manufacturer in Sri Lanka. The company also manages rubber and tea plantations. The company was incorporated in 1976 and listed on the Colombo Stock Exchange in 1983. The company is one of the components of the S&P Sri Lanka 20 Index. Sri Lankan conglomerate, Hayleys is the effective controlling shareholder of Dipped Products. The company was ranked 26th in LMD 100, an annual list of quoted companies in Sri Lanka by revenue.

<span class="mw-page-title-main">Brown and Company</span> Sri Lankan conglomerate holding company

Brown and Company PLC, sometimes called Browns Group, is a conglomerate holding company in Sri Lanka. The company was founded by James Brown, a 25-year-old engineer and mechanic from London who arrived in Ceylon in 1872. In 1892, the company was incorporated and in 1991 the company became a listed company on the Colombo Stock Exchange. The company was included in S&P Sri Lanka 20 Index in June 2021. Brown and Company is one of the LMD 100 companies, an annual list of Sri Lankan listed companies by revenue, having ranked 42nd in the 2020/21 edition.

<span class="mw-page-title-main">Haycarb</span> Activated carbon manufacturing company in Sri Lanka

Haycarb PLC is a coconut shell-based activated carbon manufacturing company in Sri Lanka. Haycarb was incorporated in 1973. The company controls 16% of the world's market share. Haycarb operates manufacturing plants in Sri Lanka, Thailand and Indonesia, while marketing offices are located in the United States, the United Kingdom and Australia.

<span class="mw-page-title-main">Janashakthi Insurance</span> Insurance company in Sri Lanka

Janashakthi Insurance PLC is an insurance company in Sri Lanka. The company was incorporated in 1992 and its operations were commenced in 1994. Janashakthi Insurance became the first company to specialise in life insurance in Sri Lanka. Janashakthi Insurance became a public company when the company was listed on the Colombo Stock Exchange in 2008. The company was a constituent of the S&P Sri Lanka 20 Index in 2016. Janashakthi Insurance is ranked 85th in LMD 100, an annual list of listed companies by revenue in Sri Lanka. Janashakthi Insurance is known for its long-term patronage of sports, especially cricket.

<span class="mw-page-title-main">Swadeshi Industrial Works</span> Personal care products manufacturing company in Sri Lanka

The Swadeshi Industrial Works PLC is a personal care products manufacturing company in Sri Lanka. The company became the first local soap manufacturing company when the company was incorporated in 1941. Swadeshi is a listed company on the Colombo Stock Exchange. Brand Finance calculated Swadeshi Industrial Works' brand value to be LKR543 million in 2022 and ranks the company as 85th most valuable brand in Sri Lanka.

<span class="mw-page-title-main">HDFC Bank of Sri Lanka</span> Specialised bank in Sri Lanka

The Housing Development Finance Corporation Bank of Sri Lanka PLC, commonly abbreviated as HDFC Bank of Sri Lanka PLC, is a specialised housing bank in Sri Lanka. The bank commenced operations in 1984 as a building society. Through successive acts in the Parliament of Sri Lanka over the years, the bank transformed into a state-owned enterprise, then a specialised bank and a listed company on the Colombo Stock Exchange in 2005. Since widening its scope of business in 2011, the bank established itself as a supporter of small and medium-sized enterprises. The government of Sri Lanka holds 51% of the bank's stocks, mainly through the National Housing Development Authority. HDFC Bank is one of the LMD 100 companies in Sri Lanka. The bank ranked 78th in the 2020/21 edition. Brand Finance calculated the brand value of HDFC Bank to be LKR763 million in 2022. Due to the effects of the Sri Lankan economic crisis, Fitch Ratings placed the bank along with twelve other Sri Lankan banks on Rating Watch Negative.

<span class="mw-page-title-main">Asiri Hospital Holdings</span> Healthcare company in Sri Lanka

Asiri Hospital Holdings PLC, doing business as Asiri Health, is the largest private healthcare provider in Sri Lanka. The company commenced operations in 1986 and was listed on the Colombo Stock Exchange in the same year. Asiri Hospitals operate six hospitals and collectively has over an 800-bed capacity. Softlogic Holdings is the parent company of Asiri Hospitals group. Asiri Hospital Holdings ranked 57th in the LMD 100, an annual list of listed companies by revenue, in the 2020/21 edition.

<span class="mw-page-title-main">LAUGFS Gas</span> Energy company in Sri Lanka

LAUGFS Gas PLC is a liquefied petroleum gas (LPG) company based in Sri Lanka. The company commenced operations in 2001 and in 2010, was listed on the Colombo Stock Exchange following an initial public offering. LAUGFS Gas expanded its operations to Bangladesh and the United Arab Emirates. In 2019, the company opened an LPG terminal at the Hambantota International Port, the largest of its kind in South Asia. LAUGFS Gas is ranked 33rd in LMD 100, an annual list of Sri Lankan listed companies by revenue. The Sri Lankan economic crisis heavily affected the operations of the company. Difficulties in securing foreign exchange have resulted in the disruption of LPG imports, shortages in the market and long queues. The company controls a number of subsidiaries but divested its Bangladesh operations in November 2022.

<span class="mw-page-title-main">Renuka Holdings</span> Conglomerate company in Sri Lanka

Renuka Holdings PLC, also called Renuka Group, is a conglomerate company in Sri Lanka. Ceylonese businessman Alfred Thambiyah laid the foundations of the Renuka Group by acquiring the Crago Boat Dispatch Company in 1936 and establishing Renuka Hotel, named after his youngest daughter Indu Renuka in 1969. Indu Renuka Rajiyah founded Renuka Enterprises in 1975, and Renuka Holdings in 1979 marked the formal beginning of the group. Renuka Holdings went public in 2008 and following the listing on the Colombo Stock Exchange, the company pursued a growth strategy. Renuka Holdings is one of the LMD 100 companies in Sri Lanka and also one of the 20 largest conglomerates in Sri Lanka.

<span class="mw-page-title-main">Bairaha Farms</span> Sri Lankan poultry processing company

Bairaha Farms PLC is a poultry processing company in Sri Lanka. The company was founded in 1975 and went public with an initial public offering in 1994. By 1987, Bairaha Farms became the largest broiler producer in Sri Lanka. During the late 1990s, Bairaha was one of the three dominant animal feed manufacturers. A Bairaha Farms' joint venture won a bronze award at the National Chamber of Exporters Awards in 2011. Bairaha Farms is one of the LMD 100 companies in Sri Lanka and one of the 100 most valuable brands in the country in 2022. The company conducts several corporate social responsibility programmes.

<span class="mw-page-title-main">Swisstek</span> Sri Lankan manufacturing company

Swisstek (Ceylon) PLC is a tile grout and tile mortar manufacturing company in Sri Lanka. The company was established in 1967 as Parquet (Ceylon) Ltd to manufacture parquetry. Parquet (Ceylon) signed an agreement with Switzerland-based Bauwerk AG for technology collaboration and started supplying for the domestic and foreign markets under the brand name "Swissparkett". The company was listed on the Colombo Stock Exchange in 1983. Parquet (Ceylon) switched its core business by switching to manufacturing tile grout and mortar in 2009. In 2011, the company was renamed Swisstek (Ceylon) and in 2013, became a part of the Vallibel One Group. Swisstek is one of the LMD 100 companies in Sri Lanka.

<span class="mw-page-title-main">Ambeon Holdings</span> Sri Lankan conglomerate company

Ambeon Holdings PLC is a conglomerate holding company based in Sri Lanka. John Walker who established Walker Sons and Company is the founder of the company. In 1874, Walker founded Walker and Greig to supply agricultural machinery to plantations in the hill country. The company was incorporated in 1910 and in 1959, it was brought under Brown and Company. In 1970, the company was listed on the Colombo Stock Exchange.

<span class="mw-page-title-main">Alumex</span> Sri Lankan manufacturing company

Alumex PLC is an aluminium extrusions manufacturing company in Sri Lanka. The company was incorporated as a South Korean-Sri Lankan joint venture in 1986. The company commenced commercial operations two years later. The Sri Lankan partners acquired the South Korean partner's stake partners in 2006. Sri Lankan conglomerate Hayleys acquired Alumex in 2010 and was listed on the Colombo Stock Exchange after an initial public offering in 2014. Alumex is the leading aluminium manufacturer in Sri Lanka, with a market share of 46%. Alumex is one of the LMD 100 companies in Sri Lanka.

References

  1. ↑ "Corporate Profile". lmd.lk. Media Services (Pvt) Ltd. Retrieved 7 October 2021.
  2. 1 2 3 "Hayleys and LOLC take the honours in LMD 100 rankings". DailyFT. Wijeya Newspapers. 22 January 2021. Retrieved 7 October 2021.
  3. ↑ "Seylan Bank Rises Up the Ranks in LMD 100". seylan.lk. Seylan Bank. 7 May 2021. Retrieved 7 October 2021.
  4. ↑ "Dreamron among Elite League of LMD's Most Respected Entities". Daily News . Associated Newspapers of Ceylon Limited. 10 August 2021. Retrieved 7 October 2021.
  5. 1 2 3 "LMD Voice of Business" (PDF). superbrands.com. Superbrands . Retrieved 7 October 2021.
  6. ↑ "LMD releases 2018 'A-List of Sri Lankan Businesspeople'". ft.lk. Wijeya Newspapers. 2 November 2018. Retrieved 7 October 2021.
  7. ↑ "Financial Profile". LMD 100 . Media Services Pvt Ltd. Retrieved 21 February 2023.
  8. ↑ "Jayasuriya named Sri Lankan of the Year (29 Dec 1997)". ESPNcricinfo . ESPN. 29 December 1997. Retrieved 7 October 2021.
  9. ↑ "Jayantha Dhanapala". Macquarie University . Retrieved 7 October 2021.
  10. ↑ Dissanayake, Methmalie (7 November 2020). "I Have No Regrets – Mahinda Deshapriya". Ceylon Today . Ceylon Newspapers (Pvt) Ltd. Retrieved 7 October 2021.
  11. ↑ "Dr. Coomaraswamy joins Dialog Axiata Board". ft.lk. Wijeya Newspapers. 2 February 2021. Retrieved 7 October 2021.
  12. ↑ "Showbiz icon wins LMD's 'Sri Lankan Of The Year' award". ft.lk. Wijeya Newspapers. 7 December 2017. Retrieved 7 October 2021.
  13. ↑ "Dr. Asha de Vos wins LMD's 'Sri Lankan Of The Year' award". ft.lk. Wijeya Newspapers. 7 December 2018. Retrieved 7 October 2021.
  14. ↑ Kumarasinghe, Chathura (4 December 2019). "LMD's 'Sri Lankan Of The Year' 2019 – Kumar Sangakkara". thepapare.lk. Dialog Axiata . Retrieved 7 October 2021.
  15. ↑ "'The Healthcare Worker' wins LMD's 'Sri Lankan Of The Year' Award". ft.lk. Wijeya Newspapers. 30 November 2020. Retrieved 7 October 2021.
  16. ↑ Saheed, Zulfath. "The Healthcare Worker is conferred LMD's Sri Lankan Of The Year title for 2020". LMD. Media Services (Private) Limited. Retrieved 7 October 2021.
  17. ↑ "Saliya Pieris is conferred LMD's Sri Lankan Of The Year title for 2022". LMD. Media Services. 31 December 2022. Retrieved 26 September 2023.
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