Mercantile Investments recognised for excellence in Integrated Reporting
View(s):The Integrated Annual Report published by Mercantile Investments and Finance PLC (MI) for the financial year 2017/18 was recognised as one of the Top Ten Best Integrated Reports in Sri Lanka at the “CMA Excellence in Integrated Reporting Awards” held at Cinnamon Lakeside last week.
In a media release, the company said it continues to raise the bar in reporting excellence, which dates back to more than two decades, before it became a public quoted company in 2011. MI has won numerous local and international accolades for its annual reports, which encompasses international frameworks such as the IIRC (International Integrated Reporting Council) reporting framework and GRI (Global Reporting Initiative) standards.
This year’s report highlights MI’s progress in generating value to its wide array of stakeholders, banking on the integrated thinking and a business model unique to MI’s culture and ethos. The company posted an impressive pre-tax profit of Rs. 879 million and a post-tax profit of Rs. 514 million, up by 180 per cent and 154 per cent, respectively year on year, for the financial year 2017/18, which signifies MI’s commitment in growing investor wealth.