THREE Philippine firms were included in this year’s Forbes Asia “Best Under A Billion” list as companies benefit from the easing of Covid-19 restrictions.
The list highlights 200 Asia-Pacific public companies with less than $1 billion in sales and consistent top and bottomline growth.
Eagle Cement, COL Financial Group, and Crown Asia Chemicals, which are all listed on the Philippine Stock Exchange, made it to the Forbes list.
The list noted Eagle Cement’s $434 million dollar sales, net income of $122 million and market value of $1.17 billion. COL Financial’s market value is at $319 million with sales and net income at $27 million and $12 million, respectively, Forbes noted. Meanwhile, Crown Asia Chemicals is valued at $21 million, with sales at $35 million and a net income of $5 million, it said.
“While healthcare and pharmaceutical-related companies were standouts last year, the post-pandemic return to daily life has benefitted apparel makers, mall operators, restaurants, consumer electronics and entertainment companies, among others,” Forbes said.