Forbes Asia has named three companies from the Philippines in its “Best Under A Billion” list.
The list recognizes 200 publicly traded companies in the region with sales under $1 billion.
Included in the list is COL Financial Group, which was listed with $27 million in sales, $1 -million in net income, and a market value of $319 million.
Next is Crown Asia Chemicals Corp. with $35 million in sales, $5 million in net income, and $21 million in market value.
Crown manufactures plastic compounds, plastic pipes, and other related products including polyvinyl chloride (PVC) pellets. These products are used in the construction and telecoms industries.
The third company is Eagle Cement Corp. with $434 million in sales, $122 million in net income, and $1.17 billion in market value.
The company’s main products are cement bags under the “Eagle Cement” brand. It has a cement production facility in Barangay Akle, San Ildefonso, Bulacan, and a grinding and packaging facility in Limay, Bataan. The company has a distribution network in Luzon, particularly Metro Manila, Region 4A, and Region 1.
Forbes Asia’s latest list features companies such as semiconductors, software
and services, pharmaceuticals, healthcare, and manufacturing, among others, GMA News reported.
“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, in a writeup.