JKH, among Forbes’ 200 best small cos

John Keells Holding Ltd (JKH), for the second year in succession, has been named among Forbes Global magazine’s 200 best small international companies in the world, a company news release said.

It said that this rating is found in Forbes’ October 29 issue. ‘Once again, JKH is the only Sri Lankan company to have been selected for this honour,’ the release said. It further said that this year’s selection was limited to 200 companies as against 300 last year.

The release, quoting the magazine said that more than 20,000 publicly quoted companies met its definition of small-less than US$ 500 million in sales in the ‘most recent fiscal reporting period.’

The release, again quoting the magazine said: ‘Cutting that universe down to 200 of the very best is no easy task. Many of the companies listed here passed rigorous screens for profitability, earnings and sales growth. To capture companies that fall below the computer’s radar, or have not been around very long, we talked to fund managers, analysts and other industry watchers to identify companies with brief operating histories, but promising futures.’

JKH is the largest capitalised company on the Colombo Stock Exchange (CSE)-Rs 5.828 billion as at last month according to the CSE, ‘and possibly the most diversified, with extensive interests in transportation, food and beverages, tourism, plantations, IT and financial services,’ the release further said.

JKH is also the only local company to be admitted as a full member to the World Economic Forum, while it is also the first, and so far the only company to have issued global depository receipts, it said. ‘Moreover, JKH is the only local company to have obtained an SLAAA rating from Fitch Ratings Lanka Ltd. the release concluded.