Forbes has released their latest annual “Asia’s Best Under a Billion” list and the event was sponsored by Melco Resorts & Entertainment (Nasdaq: MLCO) in Tokyo last night.
Ghandhara Industries from Pakistan is honored to be selected as one of Forbes Asia “Best Under A Billion” companies for 2018. The company is known for manufacturing pickups, trucks and buses. The company qualified for the award from a pool of 24,000 because of the remarkable performance in 2018. This is the second time that Ghandhara Industries consecutively made into the Forbes Asia “Best Under A Billion” company.
CEO, Mr. Ahmed Kuli Khan Khatak, and Deputy Chief Executive, Mr.Muhammad Kuli Khan Khatak, received the award at Forum and Awards Dinner in Tokyo, Japan.
The event announced and celebrated an annual list of high-performing and entrepreneurial publicly-listed companies in the Asia Pacific region.
The Forbes Asia Best Under A Billion List features 200 exceptional small and medium-sized companies from all around the Asia that has an annual revenue between $5 million and $1 billion, positive net income and are publicly traded for at least a year. From a universe of 24,000 companies, the awardees were selected on the basis of sales growth and earnings growth in the past 12 months and over three years, and for the strongest five-year return on equity.
The program of the awards dinner featured welcome remarks by Mr. Lawrence Ho, Chairman and CEO, Melco Resorts & Entertainment and Melco International Development after introductions by Makoto Takano, CEO & Editor-in-Chief of Forbes Japan and Christopher Forbes, Vice Chairman of Forbes Media.