JKH in Forbes Best under a Billion

Forbes magazine, Asia in its October edition, included John Keells Holdings Limited (JKH) in its latest rankings of the top 200 small and midsize enterprises in the region with revenue under a billion dollars. The top 200 companies in the Best Under a Billion comprise listed entities with sales under US$ 1 billion that have posted solid top- and bottom-line gains and appear headed for more. JKH is the only Sri Lankan company to be included in the Forbes top 200 this year.

Forbes Asia states that track records of sustained growth and profitability distinguish these companies, as do savvy, and often founding, management teams with business models increasingly aimed at sales both at home and abroad.

The operating and financial track record of the John Keells Group along with its aggressive expansion in recent years has been recognised by Forbes Magazine, Asia.

In its analysis of the companies in the top 200, Forbes reveals that, weighted by market cap, these companies have outperformed the FTSE Small Cap Asia Pacific benchmark index during the past one year.

In the last financial year, the JKH share had a total shareholder return (TSR) of 42.4 per cent. From South Asia, the list includes 23 companies from India and three companies from Pakistan, in addition to JKH from Sri Lanka.