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Chairman of Aitken Spence PLC ranked No. 1 in the Top 10 Leadership

6 Jan

Deshamanya Harry Jayawardena, ranked no. 1 in LMD 100’s longest serving chairmen. This recognition was to highlight individuals for their versatile leadership with having guided organisations across a multiplicity of sectors and industries – through both good and challenging times.

Mr. Harry Jayawardena, Chairman of Aitken Spence PLC, was also recognised in The 100 Club A- List of 2019 as the ‘Seasoned tycoon’.

Dr. Parakrama Dissanayake, Deputy Chairman and Managing Director of Aitken Spence PLC was recognised in The 100 Club A- List of 2019 as the ‘Maritime anchor’. The 2019 A-List highlights Sri Lankan businesspeople who continue to drive the nation’s engine of growth.

 

Aitken Spence Maritime and Aitken Spence Travels boost tourism through Marella cruises

31 Dec

Boosting the revival of the tourism industry in Sri Lanka, Aitken Spence Maritime facilitated Marella cruises sailing their largest super-luxury cruise ship, Marella Discovery of the Marella fleet, to the Port of Colombo.

Marella Discovery commenced its voyage from the Persian Gulf and cruised past Cochin to reach Colombo and continued to cruise towards South-East destinations after visiting Sri Lanka. Marella is the third-largest cruise line in the United Kingdom, with a fleet of six ships. Marella cruises is a division of TUI U.K. and Ireland; TUI Group is the world’s leading integrated tourism group operating in more than 100 destinations worldwide.

Marella Cruise line offers holidays around Europe, Mediterranean, Caribbean and Asian destinations. Marella Discovery is approximately 264 meters in length and 32 meters wide having 902 state rooms with a capacity for up to 2,074 passengers. The ship boasts many features such as an outdoor cinema, a rock-climbing wall, a mini-golf course, five-storey atrium and an indoor pool. Marella Cruises trademarks include a fantastic dining scene, a show lounge to rival the West End, and smart, contemporary interiors and a range of onboard activities enabling a wonderful experience for passengers on board.

Aitken Spence Travels was the shore excursion partner in Sri Lanka. The company offered excursions for over 800 passengers covering many locations close to Colombo, low grown tea estates, historical sites, Madhu ganga river safaris and tours across the city of Galle. The excursions are designed to create memories in Sri Lanka through experiences with culture, cuisine, architecture, heritage and way of life. Aitken Spence Travels is the leading Destination Management Company (DMC) handling majority of the shore excursions of cruise ships that call over to Sri Lanka. The company is a joint venture between Aitken Spence PLC, a leading blue-chip conglomerate, and TUI.

Aitken Spence Maritime is a pioneer in the industry and was the first Sri Lankan company to undertake port efficiency enhancement management overseas with its entry into the African continent and subsequently the South Pacific. The company handles all maritime services – from shipping and cargo handling services, to liner agency, cruise vessel, port management and development, chartering services and maritime education.

Aitken Spence Hotels celebrates the season with awards and festivities

26 Dec

Aitken Spence Hotel Holdings PLC was crowned the Gold Award Winner in the Hotel Companies Sector whilst Browns Beach Hotels PLC received a Certificate of Compliance at the recently held 55th Annual Report Awards 2019 organised by Chartered Accountants of Sri Lanka (CA Sri Lanka).

The premier hospitality chain, renowned for its sustainability and eco-efforts, celebrated yet another global recognition with TUI awards; a recognition from German guests and auditors. Heritance Ahungalla (Sri Lanka) and Adaaran Select Meedhupparu (Maldives) were named ‘TUI Environmental Champions 2020’. Awarded by TUI Group, the world’s leading integrated tourism group operating in more than 100 destinations worldwide, this recognition celebrates outstanding performance in driving sustainable tourism.

The true test of sustainability, and resilience is the capacity to maintain operations amid adversity; to support people and local economies dependent on business continuity for their sustenance. These achievements are a tribute to the strength and endurance of its people.

Aitken Spence Hotels have proven their mettle time and again, illustrating their strengths on multiple platforms. The team stole the show at the Culinary Art Food Expo 2019 walking away with the championship trophy and an impressive 130 medals in total. Heritance Aarah Maldives emerged ‘Overall Champion’ within just few months of operations. Always a changemaker in the industry, Aitken Spence Hotels introduced LEED certified architecture to the Maldives with Heritance Aarah, the first LEED Gold certified resort in the Maldives. LEED buildings save energy, water, resources, generate less waste and support human health.

Aitken Spence’s Heritance hotels in Sri Lanka and Adaaran hotels in the Maldives remain Travelife Gold certified. Aitken Spence Hotels also received the TripAdvisor Certificate of Excellence for 16 of its hotels and resorts located across Sri Lanka, Maldives, Oman and India.

On that high note, Aitken Spence Hotels is welcoming the festive season with an array of exciting activities.

Indulge in the finest flavours with culinary feasts, join an impressive lineup of celebrations and treat yourself to a relaxing and a truly memorable holiday experience. Guests will be greeted with special celebrations all through the month including a gala dinner buffet on Christmas eve followed by festive lunch and dinner spreads on Christmas day. The festivities also include Christmas carols on Christmas eve and a range of fun activities for junior guests such as Kiddies Fun Camp, and the ‘Junior Chef’ seasonal workshop.

Usher in the New Year, at the new year’s bash and enjoy a grand lunch and dinner spread at Aitken Spence Hotels, renowned as Sri Lanka’s most awarded hotels and resorts.

For more details, visit http://bit.ly/2LMTuLY. For reservations for any of the events mentioned or for stay inquiries, contact the Aitken Spence Hotels head office on 0112308408.

Aitken Spence Hotels Team receiving the awards at the 55th Annual Report Awards

 

Adaaran Select Meedhupparu, Maldives

 

Heritance Ahungalla, Sri Lanka

Aitken Spence Logistics invests in state-of-the art machinery

26 Nov

Aitken Spence Logistics, a pioneer in the industry, invested in a state-of-the-art brand new 180 ton capacity multi axle trailer, filling a long-awaited need in handling and transporting heavy over dimensional cargo in the logistics industry.

Multi axle trailers are used in mega projects related to the construction and power & energy sectors. Investing in a brand new multi axle trailer has bridged a gap in the industry whilst providing a customer centric solution that is reliable, safe and cost-effective to transport heavy equipment such as wind and thermal power equipment.

The Special Project Operations Division of Aitken Spence Logistics which is the heavy cargo operational arm of the company, has the expert knowledge and capability in handling heavy, over dimensional cargo that demands meticulous planning and execution. The division is equipped with prime movers, lorries, flat bed trailers, low bed trailers, cranes, boom trucks and forklifts and has provided services to many large-scale projects in the recent past. Some of them being windmill projects, island wide transformer placing projects, storage tank placing operations at several bottling plants and bridge construction projects

“In acquiring this state-of-the-art machine, Aitken Spence Logistics has filled an enormous gap that prevailed in the industry for a long time. The new addition is part of the continuous expansion and upgrading capacity of Aitken Spence Logistics. Introducing innovative logistics solutions and exceeding customer expectations are the hallmarks of Aitken Spence Logistics which enables the Company to remain unchallenged as the front runner in providing integrated logistics services to all our customers. We will continue to excel, and our investments reflect this belief that we keep pace with the changing needs of the industry,” commented Mr. Janaka Gunawardena, Chief Operating Officer – Aitken Spence Logistics.

Aitken Spence Logistics is a subsidiary of Aitken Spence PLC which is among Sri Lanka’s leading and most respected corporate entities in Sri Lanka. Listed in the Colombo Stock Exchange since 1983 and marking its 150th year milestone in 2018, Aitken Spence is a blue-chip conglomerate with a strong regional presence in the Hotels, Travels, Maritime Services, Logistics Solutions, Plantations, Power Generation, Financial Outsourcing, Insurance, IT, Printing and Apparel sectors. With a geographical presence in 8 countries and growing, creating opportunities for Sri Lanka across new frontiers, Aitken Spence PLC remains committed to the development of our nation.

Aitken Spence cumulative Q2 revenue up by 8.2%

15 Nov

Against an extremely challenging macro-economic environment, the leading conglomerate Aitken Spence PLC’s Group gross revenue grew by 8.2% to Rs. 28.6 billion for the period ending 30th September ‘19. Main growth in revenue were from the strategic investments and the maritime & logistics sectors. The integrated logistics segment performed exceptionally well recording a 30% year on year growth in revenue. This momentum is expected to continue for the rest of the year. The ship agency and maritime operations segments also recorded growth in revenue. The printing and apparel manufacture segments also recorded double digit growth in revenue compared to last year.

The Group recorded an overall profit from operations of Rs. 1.9 billion for the six months ended 30th September from Rs. 2.2 billion recorded the previous year. This was a result of the downturn experienced mainly by the tourism industry, post Easter Sunday. Despite the decline faced by the tourism sector, the Group showcased its resilience and its diversity of investments, to record an overall profit-before-tax (PBT) of Rs 1.2 billion for the six months ended 30th September. The Group PBT for the comparative period in the previous year was Rs. 1.7 billion.

The Group recorded a gross revenue of Rs. 14.2 billion for the second quarter whilst its profit from operations for the quarter was Rs. 1.1 billion compared to the profit from operations of Rs. 1.4 billion recorded the previous year.

Approximately 56% of the Group’s PBT for cumulative September ‘19 was generated through its investments overseas. The main contributor towards the PBT was the maritime & logistics sector which recorded a 24.5% growth over the previous year.

The strategic investments sector contributed Rs. 677 million towards the PBT compared to Rs. 727 million in the previous year. The significantly lower tea and rubber prices, and the intense competition faced by the printing sector coupled with the costs of the recent investment in South Pacific printing contributed to this effect. The printing segment is currently in the process of revamping the machinery and technology in this facility targeting to cater to the South Pacific region.

South Asia’s first green printing facility Aitken Spence Printing renewed its carbon neutral certification for the seventh consecutive year and thereby reflecting its commitment to sustainability.

Steady progress is seen in the construction of the country’s first waste to energy power plant and is projected for commercial operations towards the end of the financial year. Aitken Spence is committed to the development of Sri Lanka and this pioneering venture will help solve both the waste disposal and energy supply challenges in the country at present.

Despite a healthy performance by the Maldivian hotels, the drag in the local tourism industry resulted in the tourism sector reporting a loss for the period. However, the Group’s iconic properties Heritance Kandalama and Heritance Tea Factory recorded positive performances despite the decline in arrivals to the country.

Aitken Spence Hotels also received 14 awards at the South Asian Travel Awards 2019 and recently walked away with the championship trophy and an impressive 130 medals at the Culinary Art Food Expo 2019. With only few months into its opening, Heritance Aarah emerged as the overall champion at the Culinary Art Food Expo 2019 and excelled at the Food & Hospitality Asia Maldives 2019 (FHAM) competition with the highest number of awards won by an individual Resort. Following the ingrained ethos of sustainability at Aitken Spence, Heritance Aarah is the first property in the Maldives to receive the Leadership in Energy and Environmental Design (LEED) Gold certification.

The Group’s destination management segment was able to maintain its market share of the arrivals to the country. The destination management segment’s Myanmar operations has obtained all licenses and has recently commenced commercial operations.

During the reporting period Aitken Spence was ranked amongst the top 10 Most Admired Companies of Sri Lanka 2019 for the second consecutive year by International Chamber of Commerce, Sri Lanka (ICCSL) and The Chartered Institute of Management Accountants (CIMA) Sri Lanka. The Company was among the top 10 of LMD’s Most Respected entities hall of fame 2019. Aitken Spence PLC was also amongst the top 10 whilst Aitken Spence Hotels won the sectoral accolade at the CMA Excellence in Integrated Reporting Awards 2019.

Listed in the Colombo Stock Exchange since 1983 and marking its 150th year milestone in 2018, Aitken Spence is a blue-chip conglomerate with a strong regional presence in the Hotels, Travels, Maritime Services, Logistic Solutions, Plantations, Power Generation, Financial Outsourcing, Insurance, IT, Printing and Apparel sectors. With a geographical presence in 8 countries and growing, creating opportunities for Sri Lanka across new frontiers, Aitken Spence PLC remains committed to the development of our nation.

Deshamanya D.H.S. Jayawardena –
Chairman Aitken Spence PLC

 

Dr. Parakrama Dissanayake –
Deputy Chairman and Managing Director Aitken Spence PLC

Aitken Spence Printing, Carbon Neutral for 7 Consecutive Years

13 Nov

Sri Lanka’s premier printing and packaging solutions provider Aitken Spence Printing, subsidiary of blue-chip conglomerate Aitken Spence PLC, offset their carbon footprint for the seventh consecutive year. The company was the first carbon neutral printing facility operator in South Asia. The Company also renewed its ISO 14064-1 certification for greenhouse gas (GHG) emission quantification, reporting and verification for the third year running reaffirming their commitment to quality and continual improvement.

Aitken Spence Printing was awarded the certifications by The Sustainable Future Group (SFG), Sri Lanka’s only verification and certification body accredited by the International Accreditation Forum to award ISO 14064 certification at both organisational and project levels. SFG is also the regional partner of Natural Capital Partners of the UK – the world’s leading provider of Carbon Offset Solutions and proprietor of the globally recognised CarbonNeutral® Certification.

The accreditation process involved an extensive analysis of the company’s GHG emissions and subsequent investment in a renewable energy project for registered carbon credits to offset their organisational carbon footprint. The ISO 14064-1 certification further included an additional internal audit of the company’s GHG Management and Reporting System.

Mr. Prasanna Karunathilake, Managing Director of Aitken Spence Printing, commenting on the company’s commitment to sustainability mentioned, “Being the first LEED Gold certified printing facility in South Asia, Aitken Spence Printing continues to push the boundaries of sustainability initiatives. We are constantly looking at modern technologies and newer, greener and more effective business practices to increase operational efficiency. This in turn encourages innovation and engagement among employees. Globally, a growing number of customers seek to minimise the environmental footprint of products they purchase. We are positioned as a preferred print solutions provider to leading global and local brands that seek high quality products and a responsible supply chain.”

Over the past seven years, Aitken Spence Printing has regularly measured, monitored and managed its operational carbon footprint with assistance from a leading industry expert, The Carbon Consulting Company (CCC). “Climate change poses several threats to Sri Lanka. The potential impacts will adversely affect agriculture, coastal communities, water resources, human health and, infrastructure and industry. If polluters do not take responsibility for their emissions and sustainable initiatives are not supported, this trend would not show any positive change. CCC is proud of its long-term engagement with Aitken Spence Printing and looks forward to supporting them to mitigate their adverse environmental impacts in the years to come” remarked Sanith de S. Wijeyeratne, CEO of CCC.

Aitken Spence Printing has pioneered many innovative benchmarks and enriched the industry with much  sought after professional services over six decades. The company offers a wide range of services from packaging, publications, magazines, seasonal products such as calendars and diaries; and caters to a wide range of industries including tea, apparel, FMCG and pharmaceutical. As a subsidiary of a conglomerate dedicated to contributing towards the economic, ecological, and social development in the region, Aitken Spence Printing continues to relish a leading market share in the printing industry of Sri Lanka.

Mr. Prasanna Karunathilake, Managing Director of Aitken Spence Printing & Packaging (Pvt) Ltd receiving the Award for 7 consecutive years of carbon neutrality from Mr. Sanith de S. Wijeyeratne, CEO – Carbon Consulting Company (CCC) and the CarbonNeutral® Certificate from Dr. Lakmini Senadheera, Head of Sustainability Assurance and Advisory Services – The Sustainable Future Group (SFG)

 

Aitken Spence Maritime ushers in the first cruise ship for the season – ‘Costa Victoria’

7 Nov

Aitken Spence Maritime launched the passenger cruise season with Italy’s biggest tour operator Costa Cruises. The luxurious passenger vessel ‘Costa Victoria’ called Colombo Port on the 05th of November 2019 carrying 1,739 passengers and 790 crew members on board.

Costa Cruises offers cruise holidays to Europe, Mediterranean, Caribbean and Asian destinations. Costa Victoria is adorned with a stunning combination of Italian and Swedish design, with a capacity to accommodate 2,394 passengers in 918 cabins and suits. During this season, Costa Cruises offers cruise packages to West India, Maldives and Colombo on a fortnightly basis for those seeking to join the voyage from any port of call.

As the local agents, Aitken Spence Maritime persuaded Costa Cruises to continue cruise calls to Colombo, considering all precautions taken by the Sri Lanka Ports Authority, Navy and the Police ensuring the safety and security of all passengers.

The Costa Cruises will have 6 vessels between November and December 2019 to the Port of Colombo. This operation will act as a key influencer for tourism, paving the way for other cruise operators to call at Sri Lankan Ports.

There are over 700 passengers engaging in excursions to enjoy the city and immediate locations of Sri Lanka such as the Colombo heritage walk, exploring the city of Galle, Kandy and key places of historical interests.

“We are delighted to begin the passenger cruise season by facilitating the first vessel Costa Victoria. Aitken Spence Maritime has been aggressively promoting cruise calls to Colombo and are expecting several cruise operators in the following weeks. It is also inspiring for the team to see their efforts materialise. Aitken Spence Maritime will continue to offer comprehensive, synergised services to cruise operators that in turn will boost tourism in the country,” said Mr. Iqram Cuttilan, Managing Director of the Aitken Spence Maritime sector.

Aitken Spence Maritime is a pioneer in the industry and was the first Sri Lankan company to undertake port efficiency enhancement management overseas with its entry into the African Continent and subsequently the South Pacific. The company handles all areas of maritime services – from shipping and cargo handling services, to liner agency, cruise vessel, port management and development, chartering services and maritime education.

Aitken Spence Hotels Victorious with Heritance Hotels Sweeping the Culinary Art Expo 2019

28 Oct

Aitken Spence Hotels Culinary Art Food Expo 2019 – Winning Team

 

Aitken Spence Hotels showed their mettle at the Culinary Art Food Expo 2019 walking away with the championship trophy and an impressive 130 medals in total. Heritance Hotels & Resorts were the stars of the show clinching 126 medals.

Heritance Aarah Maldives emerged ‘Overall Champion’, the second win for the luxury resort within just few months of operations. The property also excelled at the Food & Hospitality Asia Maldives 2019 (FHAM) competition with the highest number of awards won by an individual property.

Heritance Hotels along with Turyaa collectively won 42 Gold, 37 Silver and 51 Bronze medals. Aitken Spence Hotels received the most number of medals for a company at this event.

Heritance Kandalama emerged ‘Most Outstanding Cultural Triangle Team’ with 4 Gold, 11 Silver and 19 bronze medals. Heritance Ahungalla won 22 medals while Heritance Negombo won 21 medals. Heritance Tea Factory and Heritance Ayurveda won 4 medals in total. Turyaa Kalutara also won 4 medals at the competition.

Known as South East Asia’s biggest food and hospitality show, Culinary Art Food Expo was organised by Chefs’ Guild of Lanka together with World Association of Chefs Societies and CDC Events & Travels. The event was held from 22-24 October 2019.

Ms. Stasshani Jayawardena, Executive Director – Aitken Spence PLC and Chairperson of Aitken Spence Hotels congratulated the teams, expressing delight over the many accolades. “Aitken Spence Hotels, and especially the Heritance properties, are known for their distinction in the culinary field. Our resorts, irrespective of its location, have been commended many a times on the unique F&B offering – by certifications, awards and most importantly, our guests. As such, the awards that are brought home from this competition are not a mere matter of pride but a reiteration of our commitment to nurture talent and present only the very best to those who walk in through our doors,” she said. Ms. Jayawardena, who also heads the Tourism and Leisure sector of Aitken Spence, added “The achievements of Heritance Aarah Maldives is especially commendable as it has been in operation for just a few months and have won two championship awards both in Maldives and Sri Lanka.”

Ms. Jayawardena also asserted that this recognition reflects the Company’s dedication to excellence and passion to drive innovation. “Since inception, the Company has been steadfast in its commitment to cultivate talent, promote innovation, inspire youth and local community development. This is evidence of the talents of our youth and we are proud to call them part of our family. We hope they utilise all available resources to improve their capabilities and together, create memorable holidays for our guests.”

The winning team was recognised at a ceremony held at Aitken Spence Towers, presided by Dr. Parakrama Dissanayake, Deputy Chairman and Managing Director, Aitken Spence PLC.

Aitken Spence Hotels is part of the Sri Lankan blue-chip conglomerate Aitken Spence PLC and operates 21 hotels and resorts across Sri Lanka, Maldives, Oman and India. The Company’s owned hotels are reflected under the Heritance, Adaaran and Turyaa brands, popular around the world for its exceptional service and undisputed product and curated lifestyle experiences. The Company’s Sri Lankan portfolio includes 11 resorts spread across the island, whilst the Maldives resorts totals to five, four in Oman and one in India.

 

Heritance Aarah

Aitken Spence PLC among the top ten whilst Aitken Spence Hotels bag sectoral accolade at the CMA Excellence in Integrated Reporting Awards 2019

25 Oct

Building on its tenacious journey towards excellence, the conglomerate Aitken Spence PLC was ranked among the ‘Top 10 corporates for the Best Integrated Report’ at the CMA Excellence in Integrated Reporting Awards 2019 held for the fifth consecutive year. Adding colour to the prestigious event and its portfolio of recognition, Aitken Spence Hotels Annual Report presented under the theme “The Moment Momentum” walked away with the award for the Best Integrated Report – Hotels & Travels Sector whilst securing a certificate of Merit for Overall Excellence in Integrated Reporting.

The esteemed awards ceremony organised by the Institute of Certified Management Accountants of Sri Lanka (CMA), was graced by the Chief Guest – Honourable Speaker of Parliament Karu Jayasuriya and Keynote Speaker – Prof. Mervyn E. King SC, Chair Emeritus of the International Integrated Reporting Council (IIRC), The Global Reporting Initiative (GRI), and former Judge of the Supreme Court of South Africa.

The Aitken Spence Group with its long and distinguished history of over 150 years as one of the nation’s most respected conglomerates with thriving business interests in major industry sectors in Sri Lanka and beyond, have created a vibrant business enterprise by being smart and far-sighted and now adept at perceiving where the best avenues for value creation lie. The 36th annual report of Aitken Spence PLC based on the theme ‘Future Fit’ reflects the Organisation’s strategic direction that has transformed over the years, embracing international best practice in corporate reporting. It is the eighth integrated annual report which contained information for providers of financial capital and is of interest to other valuable stakeholders. The corporate’s aim is to communicate relevant material information in a concise but comprehensive manner, providing a balanced review of its performance.

As one of the leading Sri Lankan hospitality enterprises, with a uniquely diverse portfolio of properties spread across the region, Aitken Spence Hotels believe that when they create special moments for the people while protecting the environment and creating value for the communities served, they are creating not just one moment, but extraordinary experiences in every sphere of their operations. The eighth Integrated Annual Report of Aitken Spence Hotels comprises rich information that communicates the alignment between the strategy, stakeholder needs, business model and triple bottom line performance.

The dual awards won by the Group and Hotels segment at the CMA Excellence in Integrated Reporting Awards is a further testimony to the Organisation’s commitment to international best reporting practices such as GRI and the IR Framework issued by the International Integrated Reporting Council.

Ms. Dilani Katipearachchi Vice President (right) – Corporate Finance and Ms. Shinska Wijesinha – Asst. Manager (left) Corporate Finance receiving the Aitken Spence PLC Group recognition as one of the Ten Best Integrated Reports.

 

Mr. Jeevaka Weerakone – COO Aitken Spence Hotels(right) and Mr. Dammika Ekanayake – Assistant Vice President (left) Aitken Spence Hotels receiving the award for the Best Integrated Report – Hotels & Travels Sector and a certificate of merit for overall excellence in Integrated reporting.

Aitken Spence consistently ranked among the Top 10 Most Respected Entities in Sri Lanka

17 Oct

The award for Sri Lanka’s Most Respected entity for 2019 is presented to Aitken Spence. From left to right: Ms. Nilanthi Sivapragasam (Chief Financial Officer – Aitken Spence), Dr. Rohan Fernando (Executive Director – Aitken Spence), Dr. Parakrama Dissanayake (Deputy Chairman & Managing Director – Aitken Spence), Mr. Hiran Hewavisenti (Editor-in-Chief – LMD), Ms. Stasshani Jayawardena (Executive Director – Aitken Spence and Head of Tourism & Leisure), Mr. Rohan Pandithakorralage (Chief Human Resources Officer – Aitken Spence) and Mr. Brian Emmanuel (Marketing Director – LMD).

 

Inspired by the heritage and entrepreneurial journey for over 150 years, Aitken Spence shines among the top 10 of LMD’s Most Respected entities hall of fame 2019. Being a conglomerate that has pioneered many successful ventures whilst delivering long term value to all stakeholders, Aitken Spence secured a total score of 299, surpassing many large corporates in Sri Lanka.

The 15th annual edition of the Most Respected entities ranked the nation’s most admired corporations, adopted a revised methodology for ranking entities. LMD’s Most Respected rankings are based on an exclusive survey conducted by a leading research company Nielsen to gauge peer perceptions through a weighted ranking system. The key criteria include financial performance, quality consciousness, management profile, honesty, innovation, dynamism, corporate culture, CSR, vision and nation-mindedness.

Commending the achievement Dr. Parakrama Dissanayake, Deputy Chairman and Managing Director of Aitken Spence PLC said, “With an impactful legacy of over 150 years not just in Sri Lanka but internationally as well, our priority has always been to be a sustainable and a responsible organisation that delivers long term value to employees, customers, partners, communities and other stakeholders. Moreover, our ability to adapt and to be agile yet strong and stable, guarantees our pledge to stakeholders that we create a positive impact for people and the environment that enriches us.”

“The diversity of the Group’s business sectors and its geographical span has been the corner stone of the Group’s success throughout the years. Investments that were strategically thought out and passionately executed has not only propelled it to greater heights but has also enabled us to withstand the fluctuations of fortunes of the Sri Lankan and global economies. We are extremely pleased that our position among the Most Respected has improved in comparison to the previous years and this is a further testimony that we are moving forward despite the many challenges faced in both the local and global landscape,” he further added.

Listed in the Colombo Stock Exchange since 1983 and marking its 150th year milestone in 2018, Aitken Spence is a blue-chip conglomerate with a strong regional presence in the Hotels, Travels, Maritime Services, Logistic Solutions, Plantations, Power Generation, Financial Outsourcing, Insurance, IT, Printing and Apparel sectors. The Company is empowered by a team of over 14,000 individuals, with a geographical presence in 8 countries and growing, creating opportunities for Sri Lanka across new frontiers.