American media giant Forbes has placed “Systems Limited” of Pakistan under Forbes Asia’s list of Best Under A Billion companies. The announcement was made by the Systems ltd in a notice to the exchange. The virtual forum and awards ceremony celebrated the success of the companies that made it to the well-researched list of 200 organizations from the Asia-Pacific region with less than $1 billion in revenue and consistent top- and bottom-line growth. The companies have demonstrated exceptional performance and scored above their peers in a composite score that includes sales and profit growth, low debt levels, and
robust governance. While making the selections, diversity of companies across the region was also ensured.
Mr. Asif Peer, CEO and Managing Director of Systems Limited said, “This only happened because of our customer-centricity, culture, values, and employee ownership, and we are extremely pr“This is an extremely proud moment for the entire team including all the employees, stakeholders, partners, principals, and our shareholders who have trusted us in our leadership. I would like to congratulate all the employees who have put their heart and soul in delivering success to us,” said oud to generate
employment in Pakistan and being recognized on the global map, as we truly believe Pakistan and us have humongous potential. I truly believe that we can achieve the heights that we envision,” he further added.
American media giant Forbes has included two Pakistani companies in its “Asia’s Best Under A Billion 2020”. The IT company, System Limited, recorded sales worth $50 million, with a net income of $11 million, and has a market value of $139 million.
Textile giant Feroze1888 Mill Limited registered sales of $215 million, with a net income of $44 million, and boasts a market value of $189 million.
Latest posts by News Desk (see all)
- 94 Million People in Pakistan below Poverty Line - September 25, 2023
- WB concerned about Pak’s Low Tax-to-GDP Ratio of 10.4 percent - September 25, 2023
- Nimir Resins Ltd post PKR 367mn Profit in FY2023 - September 25, 2023