“Choice”, Al-Falaah’s Annual Report for 2011/12 wins global annual reports award
View(s):Al-Falaah, the Islamic Business Unit (IBU) of Lanka ORIX Finance PLC (LOFC), has scored a double Gold at the popular international annual report competition, the ARC International Awards (ARC) and the League of American Communications Professionals (LACP) Vision Awards.
Al-Falaah won the accolades for its Annual Review for 2011/2012 tilted “Choice”. In addition to the two Gold Awards at ARC and LACP respectively, Al-Falaah also took home a Silver accolade at ARC and was placed amongst Top 10 Sri Lankan Annual Reports atLACP, according to a company statement.
Metals won by Al-Falaah were Gold for “Printing and Production” category and Silver for “Written Text in the Financial Services” category (ARC Awards) and Gold for “Financial Services” category (LACP Vision Awards).
Sri Lanka won a record number of 77 awards at this year’s ARC Awards in which 2,260 entries from 34 countries were presented, the statement said.
Krishan Thilekaratne, General Manager of Al-Falaah IBU said “I am indeed pleased and proud of Al-Falaah’s achievement at these prestigious global awards and the diligence with which this young and dynamic business unit has progressed over the years. I thank Smart Media, the Annual Report Company for the world-class design and production of our report and the Al-Falaah IBU team for their relentless commitment towards cementing the Al-Falaah brand name at international level.”
During the FY 2011/12, Al-Falaah recorded a year of steady growth with a PBT increase of 35.99 per cent in comparison to the previous FY. Al-Falaah’s contribution to the balance sheet of parent company LOFC is approximately 10 per cent, indicative of its consistent growth within the LOLC Group.
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