Two Pakistani companies make it to Forbes “Asia’s Best Under a Billion 2020 list”
Two Pakistani companies - an information technology and a textile firm - made it to Forbes "Asia's Best Under A Billion 2020" list link.
The annual list spotlights 200 publicly listed small and medium scale companies in the Asia-Pacific region with sales under $1 billion.
"These companies have track records of exceptional corporate performance, with one Covid-19 caveat: the list is based on full-year data as of July 7 and does not fully reflect the impact from the pandemic-led downturn," reads link the a statement by Forbes. Pakistani companies
System Limited Pakistan (SLP), Information technology company, recorded sales worth $50 million with a net income of $11 million and market value of $139 million.
Textile giant Feroze1888 Mill Limited recorded sales of $215 million with a net income of $44 million and market value of $189 million.