JFS Holdings Limited, a leading diversified business entity in Sri Lanka, was presented with a merit award for their outstanding Annual Report, titled ‘The Stargate’ 2022/2023, at the prestigious CMA Awards 2023. The award ceremony, a significant event in the corporate calendar, took place at the Taj Samudra Hotel, Colombo on Friday, October 6th, 2023. Madhushan Raigamage, the Chairperson and Chief Executive Officer of JFS, and Omesha, Madurangi, the AVP Finance and Reporting have represented the company at the award ceremony.
Established in early 2012 as an HR service provider, JFS has rapidly evolved into a prominent and diversified business entity in Sri Lanka, with a primary focus on four core business sectors: ICT, BPO, Action Sports, and Agro-food. Under these sectors, JFS proudly houses eight distinctive brands. Over the years, JFS has demonstrated its commitment and dedication to operating sectors, resulting in remarkable growth and achievements. Despite being a non-listed entity, JFS has consistently released integrated annual reports since the 2018/19 fiscal year. This year marked their debut entry into the CMA Awards, and their dedication to excellence in reporting was duly recognized.
The CMA Awards competition, now in its 9th consecutive year, aims to highlight the significance of integrated reporting, illustrating how organizations create, preserve, or erode value over time. JFS’s report thoroughly adhered to the full guidelines set by the Colombo Stock Exchange (CSE) for corporate governance and integrated reporting, aligning with the six capitals. Furthermore, the report complied with the International Framework under the IFRS Foundation. Expressing his thoughts Madhushan Raigamage, CXO of JFS, commented, “We have achieved a significant milestone, and this award is a testament to our dedication to transparency, accountability, governance, and sustainability as an organization. He, further stated that an Annual Report is the foremost communication channel for any organization, and it reflects our commitment to building a diversified entity during challenging times, guided by our company’s driving force; ‘Thinking Big.’
Looking ahead, JFS is poised to face the future with confidence and determination, setting its sights on the ambitious goal of achieving Rs. 1 billion in equity within the next five years. In celebrating this recognition, JFS Holdings Limited invites stakeholders, and the community at large to join them in their journey towards a future defined by innovation, integrity, and prosperity.
