Five Pakistani firms make it to Forbes Asia’s 200 ‘billion list’

Digital board showing financial information during a trading session inside a trading hall at the Karachi Stock Exchange. (File Photo: Reuters)

Five companies from Pakistan have made it to the highly-coveted Forbes Asia’s 200 Best Under A Billion list by thinking globally.

Only 200 Asia-Pacific public companies with less than $1 billion revenue make it into the Forbes annual Best Under A Billion list.

According to the Tribune, the companies that have been recognized and secured their place in this company were Agriauto Industries, Cherat Packaging, Ferozsons Laboratories, Ghandhara Industries and Searle Company.

Two startup founders

According to Forbes magazine, the companies came from 13 countries this year and averaged 55% growth in sales, a 24% profit margin, and 113% growth in earnings per share.

Looking at the statistics, only 875 out of 18,000 candidates made it through by passing the criteria for profitability, growth, and modest indebtedness.

Producing the highest sales and earnings per share growth for the recent fiscal-one and three-year periods, and the strongest five-year average return on equity were the final 200 candidates. And the companies with poor accounting, management, ownership or legal troubles as well as those trading less than a year were excluded.

Last Update: Wednesday, 20 May 2020 KSA 09:54 - GMT 06:54