LOLC honoured among the TOP 10 Most Admired Companies in Sri Lanka for the 3rd consecutive year

LOLC has retained its undisputed rank amongst the Top 10 Most Admired Companies in Sri Lanka for the year 2021. This is the 3rd year in a row that LOLC was honoured with this coveted title which is awarded annually by the Chartered Institute of Management Accountants (CIMA) and International Chamber of Commerce, Sri Lanka (ICCSL). LOLC secured this position based on another year of stellar financial and non-financial performance. Each year, the Most Admired Company Awards recognise entities that stand out above the rest in terms of their financial performance and the value they create for their shareholders, customers, employees, and the wider community in general.

LOLC Group Managing Director/CEO, Kapila Jayawardena said, “LOLC is truly honoured to achieve this accolade for the 3rd consecutive year. The Group also retained the top spot in the LMD 100 ranking as the Most Profitable Listed Company in 2020/21. It is a great thing to register remarkable success both financially and non-financially. But it’s a greater achievement to retain that success over a longer period of time. I am also proud to note that LOLC delivered a historic performance across our local and global operations despite the unprecedented conditions created by the global pandemic.”

LOLC, Sri Lanka’s most valuable and globally diversified financial conglomerate, posted a record-breaking performance for the 2020/21 financial year, achieving unprecedented bottom line results of Rs. 57Bn in Profit Before Tax (PBT), and a Profit After Tax (PAT) of Rs. 53Bn – a first for any corporate in the country. By achieving profits on this massive scale in the history of Sri Lanka’s corporate world, the Group was able to consolidate its position as the top most profitable diversified corporate in the country, three years in a row – establishing LOLC as one of the largest Micro and Small & Medium Enterprises (MSME) platforms in the world.