Real estate firm Suntrust Home Developers Inc. has made it as the lone company from the Philippines to land on the top 200 top-performing public companies in the region of this year’s Forbes Asia’s Best Under a Billion list.
Suntrust has a net income of $2 million, sales of $11 million, and a market value of $31 million. The Filipino company qualified to join the list of small and medium-sized public enterprises in the Asia-Pacific with annual revenue between $5 million and $1 billion.
The Megaworld Corporation associate company chaired by Ferdinand Mesi engages in property management through its wholly-owned subsidiary, First Oceanic Property Management Inc. (FOPMI). It also invests in information technology and tourism-related businesses.
Compiled by Forbes Magazine, “The Best Under A Billion list demonstrates the dynamism of Asia’s small and medium-sized businesses in creating value across the region,” said Forbes Asia editor Justin Doebele.
Out of 19,000 candidate companies, Suntrust joins the roughly 1,400 which passed the criteria for profitability, growth, and modest indebtedness.
The Forbes list was then narrowed down to 200 companies which produced the highest sales and earnings per share growth in the most recent fiscal year.
Suntrust Developers Corporation Inc. now joins the prestigious list of Forbes Asia’s Best Under a Billion which was previously joined by Filipino food giant Jollibee Foods Corporation. Over the years, Forbes has cited various Filipino firms in lists of top performing companies.
SEND cheers in the comments below to Suntrust, the Filipino company in Forbes’ Best Companies list!
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