Sept 02, 2010 (LBO) - Two Sri Lankan listed firms, Colombo Dockyard and Royal Ceramics, have been included in the annual Forbes financial magazine list of the top 200 Asian firms with sales under a billion US dollars.
The magazine's listing of 'Asia's 200 Best Under A Billion' draws from over 22,500 publicly listed outfits in Asia and the Pacific.
Those with less than a billion US dollars in sales are vetted for consistent growth of both sales and profits over three years, the magazine said.
"While 80 percent of the companies on our list are making their first appearance in 2007, returning outfits show that clear vision and strong management can adapt and persevere in a region of constant change," it said.
"The region's booming middle class is giving rise to new consumer brands, retailers and marketers. That's altering the makeup of our annual list--and offering new ideas for investors."
source - www.lbo.lk
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