3 S'pore firms in Forbes Asia 'Best Under a Billion' list

THREE Singapore firms have made it to Forbes Asia's "Best Under a Billion" 2014 list, which pays tribute to the top small and medium-sized public companies in the region earning between US$5 million and US$1 billion in annual sales.

The number is down from seven last year, bringing the Republic to second-last place among 11 Asia-Pacific countries in terms of entries.

One of the three companies is Cogent Holdings, a mainboard-listed transport and storage services firm that reportedly raked in US$90 million in sales and US$12 million in net income in its latest fiscal year.