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Pakistan ahead of India on 2017 Forbes Best Under A Billion list
People walk in a pedestrian street in Beijing. Photo: AFP
Pakistan has come down from seven last year to having five of its companies on Forbes annual Asia’s 200 Best Under A Billion list, but it is ahead of India that has three this time.
Ferozsons Laboratories of Pakistan has made its second appearance on the list as its sales grew 93% last year.
As far as India is concerned, the decline in its presence began with an economic deceleration in 2013.
However, Pakistan’s economic ally — China — continues to dominate and account for half of the Forbes list. This is despite the fact that companies from China, along with Hong Kong and Taiwan, have come down from a high of 130 last year. Half of these companies are either those that are returning from 2016 or making a comeback after a break.
Among China’s companies, health care related ones from Greater China have stepped up their game this year. Shanghai RAAS Blood Products, which supplies albumin, immunoglobulin and other blood products from human plasma, is making a fourth appearance. China’s blood product market is expected to double to US$7 billion by 2021.
Forbes Best Under A Billion list highlights 200 Asia-Pacific public companies with less than US$1 billion in revenue and consistent top-and bottom-line growth. This year’s candidates come from 13 countries and averaged 55% growth in sales, a 24% profit margin, and 113% growth in earnings per share.
Most did so by thinking globally. Only 70 of these small-to medium-sized enterprises generated revenue solely within the region. Overall consumer products and services companies have been on the rise on the list, an indication of Asia’s success in moving towards a consumer economy.
https://www.geo.tv/latest/151796-pa...orbes-best-under-a-billion-list?597f0e8e5d8f3
People walk in a pedestrian street in Beijing. Photo: AFP
Pakistan has come down from seven last year to having five of its companies on Forbes annual Asia’s 200 Best Under A Billion list, but it is ahead of India that has three this time.
Ferozsons Laboratories of Pakistan has made its second appearance on the list as its sales grew 93% last year.
As far as India is concerned, the decline in its presence began with an economic deceleration in 2013.
However, Pakistan’s economic ally — China — continues to dominate and account for half of the Forbes list. This is despite the fact that companies from China, along with Hong Kong and Taiwan, have come down from a high of 130 last year. Half of these companies are either those that are returning from 2016 or making a comeback after a break.
Among China’s companies, health care related ones from Greater China have stepped up their game this year. Shanghai RAAS Blood Products, which supplies albumin, immunoglobulin and other blood products from human plasma, is making a fourth appearance. China’s blood product market is expected to double to US$7 billion by 2021.
Forbes Best Under A Billion list highlights 200 Asia-Pacific public companies with less than US$1 billion in revenue and consistent top-and bottom-line growth. This year’s candidates come from 13 countries and averaged 55% growth in sales, a 24% profit margin, and 113% growth in earnings per share.
Most did so by thinking globally. Only 70 of these small-to medium-sized enterprises generated revenue solely within the region. Overall consumer products and services companies have been on the rise on the list, an indication of Asia’s success in moving towards a consumer economy.
https://www.geo.tv/latest/151796-pa...orbes-best-under-a-billion-list?597f0e8e5d8f3
