Asia’s Best Under A Billion 2017: Five Pakistani companies Added To The Forbes List – Research Snipers

Asia’s Best Under A Billion 2017: Five Pakistani companies Added To The Forbes List

forbes

Forbes has published its list of Best 200 companies from Asia 2017 that features a list of companies having revenues less than $1 billion.

Five companies from Pakistan also added to the list, according to Forbes these 200 companies have shown strong growth with almost 55% in sales growth, 24% increase in profit margin and 113% growth in earnings per share.

Pakistan to develop Gawadar Shipyard for building ships

The top country in the list is Japan with 38 entries, however; China, Hong Kong and Taiwan altogether dominate the market.

“Only 5 companies were able to make it to the list this year, down from 7 in the last year”

Pakistan is down from 7 to 5 this year, the companies who made it to the list includes; Agriauto Industries, Cherat Packaging, Ferozesons Laboratories, Ghandhara Industries and Searle Pakistan.

India is also down by 3 companies in the list, only 3 Indian companies make it to the list this year.

Forbes compiled the list by stock trading in Asia-pacific companies with revenues between $5 million to $1 billion. The key indicators set were profitability, growth and modest indebtedness. Around 875 companies passed the criteria, the top 200 were selected due to highest sales and earnings per share growth.