Seven RI firms make it onto 'Forbes' list

Seven RI firms make it onto 'Forbes' list

The Jakarta Post, Jakarta

U.S.-based Forbes magazine will list seven Indonesian
companies among 200 global companies that have boosted sales,
profit and shareholder value in the "rough environment" of recent
years.

The Best Under a Billion list, which will appear in the Oct.
27 edition of the magazine, comprises companies outside the
United States with annual sales in the latest reported year of
less than US$1 billion, the magazine said in a statement.

The seven Indonesian companies, all listed, are state-owned
mining company PT Aneka Tambang, packaging companies PT Berlina
and PT Dynaplast, pharmaceutical companies PT Kalbe Farma and PT
Dankos Laboratories, distribution company PT Enseval Putera
Megatrading and chemical company PT Unggul Indah Cahaya.

Of roughly 19,000 listed companies around the world qualifying
for the list, Forbes screened out most that did not have
operating margins of at least 5 percent and average returns on
equity of at least 5 percent in the previous five years.

The magazine said that only 4,000 companies met the criteria.

The selected companies were then graded against each other in
various one-and-five year performance categories, and the 200
finalists were chosen from among 500 companies with the best
results.

Forbes excluded nonoperating companies and those where the
overwhelming majority of shares were owned by one or a small
group of shareholders.

The 200 companies include 18 from India, 11 from Australia,
nine from Hong Kong, seven from Thailand, seven from Indonesia,
six from Singapore, five from Japan, four from Taiwan, three from
Pakistan, two from South Korea, two from Malaysia, two from New
Zealand, two from the Philippines, two from Sri Lanka and one
from China.