Twenty Filipino companies make it to FT ranking of fastest-growing companies

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By BusinessWorld

Twenty Filipino companies made it to the 2021 Financial Times ranking of the top 500 high-growth companies in the Asia-Pacific region.

Compiled in partnership with global news publication Nikkei Asia and research provider Statista, the ranking, published in April, shows which companies entered the pandemic in a position of strength. The survey covered both private and public companies headquartered in 13 countries and regions in Asia Pacific with an annual revenue of more than $100,000 in 2016 and more than $1 million in 2019. The ranking is based on the revenue growth between 2016 and 2019.

Power Fill Holdings Inc., a gas station franchise, was the highest-ranking Filipino company at 116, reporting a compound annual growth rate (CAGR) of 78.6% and $42.55 million in revenue in 2019. It has over 50 branches in Luzon, with its newest station opening in Floridablanca, Pampanga, last month.

Following Power Fill are DoubleDragon Properties Corp. with a CAGR of 75.9% and $399.20 million in revenue, and Converge ICT Solutions Inc., with a CAGR of 69% and $180.58 million in revenue, both for the year 2019.

Property, support services, and food and beverage were the most represented sectors in the Philippines, with three entrants each.

Four Filipino companies, Pryce Corporation, Century Pacific Food, Inc., Shakey’s Pizza Asia Ventures Inc., and Puregold Price Club, Inc., also made it to the 2020 list.

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