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List Of Largest Public Companies In Sri Lanka
This article lists the largest companies in Sri Lanka terms of their revenue, net profit and total assets, according to the Colombo Stock Exchange business magazines 2022 list This list is based on the Sri Lanka Parliament, which ranks the Sri Lanka's largest public companies. {, class="wikitable sortable" ! rowspan="2" , Rank ! rowspan="2" , Name ! colspan="3" , Financial statistics in millions US$ ! rowspan="2" , Industry , - !Revenue !Profit !Assets , - , 1 , Ceylon Petroleum Corporation , 3,016 , 9.9 , 1,477 , Oil and gas , - , 2 , Bank of Ceylon , 1,316 , 413 , 13,290 , Banking , - , 3 , Ceylon Electricity Board , 1,268 , -138.12 , 4,127 , Electricity generation , - , 4 , SriLankan Airlines , 1,017 , -230.28 , 1,273 , Airline , - , 5 , People's Bank , 1,013 , 70 , 10,320 , Banking , - , 6 , National Savings Bank , 672.42 , 36.89 , 6,370 , Banking , - , 7 , Sri Lanka Telecom , 474.85 , 34.92 , 1,154 , Telecommunications , - , 8 , Sri Lanka Ports Authority , 248.25 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Company
A company, abbreviated as co., is a Legal personality, legal entity representing an association of people, whether Natural person, natural, Legal person, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * List of legal entity types by country, business entities, whose aim is generating profit * financial entities and banks * programs or Educational institution, educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared Incorporation (business), incorporation, or published policy. When a company closes, it may need to be Liquidation, liquidated to avoid further legal obligations. Companies may associate and collectively register themselves ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
People's Bank (Sri Lanka)
People's Bank is a state-owned commercial bank in Sri Lanka. The second largest commercial bank in Sri Lanka. Established on 1 July 1961, it has its head-offices at Sir Chittampalam A. Gardiner Street in Colombo. The bank offer both retail and corporate banking services, with a network of 739 local branches, service centers and has an asset base of LKR 1.873 trillion (2019) with over 14 million customers. (70% local customers) People's Bank received a high national long-Term Rating of AA+ by Fitch Rating. People's Bank most awarded state-owned company such as "Green Plus" "Carbon Conscious Award". People's Bank became Sri Lanka's best performing bank. Bank mainly targets small and medium enterprise. History People's Bank was inaugurated on 1 July 1961, by T. B. Ilangaratne, Minister of Commerce, Trade, Food, and Shipping. The first branch was opened on Duke Street, Colombo. Expansion in Colombo T.B. Ilangaratne presented new banking soon after 1961 regulations in Colombo t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Sri Lanka Lists
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sri Lanka Insurance
Sri Lanka Insurance Corporation Limited, also known as Sri Lanka Insurance is the largest and strongest composite insurance provider in Sri Lanka. It is the first and only insurance company in Sri Lanka to be assigned a prime AAA- rating for Insurance Financial Strength from the US rating agency Fitch Ratings New York City. The company now manages assets worth over US$1102 Million. History Sri Lanka Insurance was incorporated by a special act of Parliament in 1961. It was formed by nationalizing the insurance industry which was run by various local and foreign private companies. It maintained the monopoly in the insurance industry until the establishment of the National Insurance Corporation in 1980. In 1988, the insurance field was liberalized by permitting private companies to enter the industry. In 1993 with the objective of providing greater autonomy to operate in this environment, the corporation was converted to a fully government-owned limited liability corporate entity. It ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Port
A port is a maritime facility comprising one or more wharves or loading areas, where ships load and discharge cargo and passengers. Although usually situated on a sea coast or estuary, ports can also be found far inland, such as Hamburg, Manchester and Duluth; these access the sea via rivers or canals. Because of their roles as ports of entry for immigrants as well as soldiers in wartime, many port cities have experienced dramatic multi-ethnic and multicultural changes throughout their histories. Ports are extremely important to the global economy; 70% of global merchandise trade by value passes through a port. For this reason, ports are also often densely populated settlements that provide the labor for processing and handling goods and related services for the ports. Today by far the greatest growth in port development is in Asia, the continent with some of the world's largest and busiest ports, such as Singapore and the Chinese ports of Shanghai and Ningbo-Zhou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sri Lanka Ports Authority
Sri Lanka Ports Authority (SLPA) is the state-owned operator of major commercial ports in Sri Lanka. Founded in 1979, SLPA currently operates ports in Colombo, Galle, Hambantota, Kankesanthurai, Oluvil, Point Pedro and Trincomalee. As of 31 March 2013 SLPA had a 3% stake in Colombo Dockyard Colombo Dockyard PLC (CDPLC) is a shipbuilding company in Sri Lanka and is based in Colombo. It has built both military and civilian vessels for both local and overseas clients. History Colombo Dockyard established its operations in 1974 and is o .... History The Sri Lanka Ports Authority Act No. 51 of 1979 established the SLPA by amalgamating Colombo Port Commission, Port (Cargo) Corporation and Port Tally and Protective Services Corporation. The purpose of SLPA was to develop, maintain, operate and provide port and other services in the ports of Colombo, Galle, Trincomalee and other "specified ports". References External links * * Organisations based in Colombo Port authorities ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Telecommunications
Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than that feasible with the human voice, but with a similar scale of expediency; thus, slow systems (such as postal mail) are excluded from the field. The transmission media in telecommunication have evolved through numerous stages of technology, from beacons and other visual signals (such as smoke signals, semaphore telegraphs, signal flags, and optical heliographs), to electrical cable and electromagnetic radiation, including light. Such transmission paths are often divided into communication channels, which afford the advantages of multiplexing multiple concurrent communication sessions. ''Telecommunication'' is often used in its plural form. Other examples of pre-modern long-distance communication included audio messages, such as coded drumb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sri Lanka Telecom
SLT-MOBITEL (formerly known as Sri Lanka Telecom, si, ශ්රී ලංකා ටෙලිකොම්, Śrī Laṃkā Ṭelikom, ta, ஸ்ரீலங்கா டெலிகொம்) is the national telecommunications services provider in Sri Lanka and one of the country's largest companies with an annual turnover in excess of Rs 40 billion. The company provides domestic and corporate services which include fixed and wireless telephony, Internet access and IT services to domestic, public and business sector customers. History SLTMOBITEL (formerly Sri Lanka Telecom) has a history of over 160 years, having started its operations in 1858 with the establishment of the first Telegraphic Circuit between Galle and Colombo. In the same year, it established its first international Telegraph Communication between then called Ceylon, and India. Since then, Sri Lanka Telecom has passed several milestones, including: in 1991 Sri Lanka Telecom became a Corporation and in 1997 the c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Savings Bank (Sri Lanka)
National Savings Bank (NSB) is a state-owned Savings Bank in Sri Lanka. It was incorporated in Ceylon by the ''National Savings Bank Act No. 30'' of 1971 and was granted the status of the Licensed Specialised Bank in terms of the ''Banking Act No. 30 ''of 1988. NSB has 262 branches. It also carries out Postal savings system, postal banking with the cooperation of 643 post offices and 3,412 sub-post offices of the Sri Lanka Post. The current Chairperson of the NSB is Mrs. Keasila Jayawardena Past Chairmen Since 1971, the following were Chairmen of the Bank (list incomplete): * Harindranath George Dias * M. J. Silva * Muttusamy Sanmuganathan * D.M Swaminathan * Cyril Herath * Upali Gunaratne * S. R. Attygalle * Pradeep Kariyawasam * Aswin De Silva * R.M.P. Rathnayake * Jayaraja Chandrasekera See also * List of banks References External links * Banks of Sri Lanka Banks established in 1971 State owned commercial corporations of Sri Lanka Sri Lankan companies establ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Airline
An airline is a company that provides civil aviation, air transport services for traveling passengers and freight. Airlines use aircraft to supply these services and may form partnerships or Airline alliance, alliances with other airlines for codeshare agreements, in which they both offer and operate the same flight. Generally, airline companies are recognized with an Air operator's certificate, air operating certificate or license issued by a governmental aviation body. Airlines may be scheduled or Air charter, charter operators. The List of airlines by foundation date, first airline was the German airship company DELAG, founded on November 16, 1909. The four oldest non-airship airlines that still exist are the Netherlands' KLM (1919), Colombia's Avianca (1919), Australia's Qantas (1920) and the Czech Republic's Czech Airlines (1923). Airline ownership has seen a shift from mostly personal ownership until the 1930s to government-ownership of major airlines from the 1940s to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Revenue
In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business. Commercial revenue may also be referred to as sales or as turnover. Some companies receive revenue from interest, royalties, or other fees A fee is the price one pays as remuneration for rights or services. Fees usually allow for overhead (business), overhead, wages, costs, and Profit (accounting), markup. Traditionally, professionals in the United Kingdom (and previously the Repu .... This definition is based on International Accounting Standard, IAS 18. "Revenue" may refer to income in general, or it may refer to the amount, in a monetary unit, earned during a period of time, as in "Last year, Company X had revenue of $42 million". Profit (accounting), Profits or net income generally imply total revenue minus total expenses in a given period. In accountancy, accounting, in the balance statement, revenue is a subsection of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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