18. Chevron Lubricants Lanka
Chevron Lubricants Lanka rose to number 18 in the Business Today TOP 30, 2015-2016.The company recorded a topline of 11.6 billion rupees, with a growth in volumes in the domestic market. This was further strengthened in both the overseas market in the Maldives and Bangladesh. Total export revenue grew by 3 per cent to reach 895 million rupees. PAT was 3,092 million rupees, which was a 13 per cent increase. Despite an increase in operational expenditure and decline in other income operating profit grew by 16 per cent.
Chevron Lubricants Lanka utilized various strategies to strengthen their market presence, increase sales volumes and manage the brands that were introduced for the hybrid vehicles. Sales points were also increased to deliver greater access and convenience to customers.
It is hoped that Chevron Lubricants Lanka will continue to invest in Sri Lanka, thereby enhancing its facilities and product portfolio, which will further enhance the export market.