Five companies from Pakistan have made it to the highly-coveted Forbes Asia’s 200 Best Under A Billion list.
Forbes annual Best Under A Billion list highlights 200 Asia-Pacific public companies with less than $1 billion in revenue and consistent top- and bottom-line growth.
Agriauto Industries, Cherat Packaging, Ferozsons Laboratories, Ghandhara Industries and Searle Company managed to mark their place on the recognised list.
The magazine shared that the companies made it to the list by thinking globally. This year the candidates emerged from 13 countries and averaged 55% growth in sales, a 24% profit margin, and 113% growth in earnings per share, Forbes Magazine said.
Explaining the methodology, Forbes shared that from a universe of 18,000 candidates, roughly 875 passed their criteria for profitability, growth, and modest indebtedness.
The final 200 produced the highest sales and earnings per share growth for both the most recent fiscal one- and three-year periods, and the strongest five-year average return on equity. They excluded companies thinly traded, those trading less than a year, and those with worrisome accounting, management, ownership or legal troubles.