MANILA — Three Philippine firms was listed on Forbes Magazine’s “Best Under A Billion” list for\u00a0200 leading public companies in the Asia Pacific region.<\/p>\n
D&L Industries, Nickel Asia and Oriental Peninsula Resources Group (ORE) made it to the 2015 BUB list.<\/p>\n
D&L is the\u00a0leading manufacturer of food ingredients and a specialty plastic additive and is headed by the Lao family.<\/p>\n
It has a\u00a0market capitalization of $1.55 billion,\u00a0has $363 million in annual sales revenues and $61 million in net profit.<\/p>\n
Nickel Asia Corp., , the Philippines\u2019 largest producer of lateritic nickel ore and one of the largest in the world, has a market capitalization of $2.08 billion \u00a0and is led by the Zamora family.<\/p>\n
ORE is another mining firm focused on the mining operations of its sole subsidiary Citinickel Mines and Development Corp. , and is\u00a0led by the Tanchay family, with\u00a0$78 million in sales revenues and $37 million in net profit.<\/p>\n
The list, according to a press statement released by Forbes Asia on Thursday, is composed of companies with annual revenue between $5 million and $1 billion, with a positive net income and which have been publicly traded for at least a year.<\/p>\n
\u201cThe secret to making the BUB is consistent growth in the measured performance metrics. One off year and you\u2019re out. Companies in sustained strong-growth economies, or in Taiwan\u2019s case, exporting to them, have a decided advantage. It is also important to have a good, liquid channel for public stock offerings,\u201d said Forbes Asia editor Tim Ferguson.<\/p>\n
Almost 60 percent of the companies in the list came from China, Hong Kong and Taiwan. The full list can be viewed at\u00a0www.forbes.com\/bub and in the latest issue of Forbes Asia.<\/p>\n","protected":false},"excerpt":{"rendered":"
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