Three Philippine companies landed on Forbes Asia’s annual Best Under A Billion list, which comprises 200 publicly listed small and midsized companies in the Asia-Pacific with sales under $1 billion.
The companies that made it to the list have “track records of exceptional corporate performance,” according to Forbes.
The unranked list is based on full-year data as of July 7 and does not reflect the impact of the coronavirus pandemic.
The 3 companies are:
Asia United Bank (AUB)
Sales: $319 million
Net income: $86 million
Market value: $461 million
AUB was founded in 1997 and is involved in commercial, consumer, and branch banking.
Crown Asia Chemicals
Sales: $319 million
Net income: $3 million
Market value: $24 million
Crown, founded in 1989, manufactures plastic and synthetic resins and compounds. Its plant is located in Guiguinto, Bulacan.
Vivant Corporation
Sales: $70 million
Net income: $45 million
Market value: $279 million
Vivant, a Cebu-based company founded in 1990, is a power generation and distribution firm. It has both renewable and non-renewable energy sources in its portfolio.
The full list can be viewed here. – Rappler.com
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