BPPL Holdings PLC has been crowned as the only Sri Lankan company to have entered Forbes Asia’s 200 ‘Best Under a Billion’ list. The company is one of Southeast Asia’s largest brush manufacturers and Sri Lanka’s largest plastics recycler equipped with one of only two plants in the world capable of creating polyester yarn directly from recycled PET plastic flakes.
Forbes evaluated over 20,000 publicly traded companies in the Asia-Pacific region this year with revenues of under US Dollars 1 Billion and consistent top-and bottom-line growth. Companies were selected based on a composite score that incorporated their overall track record of which 200 were selected.
After overcoming pandemic-related obstacles, the Group also concluded the fiscal year 2020/21 with remarkable improvements in all key financial metrics. The consolidated revenue of BPPL increased by 31% year-on-year to LKR 3.4 billion. The Group Net Profit After Tax increased by 23% year-on-year to LKR 497 million.
To be recognized on an international platform such as Forbes is an enormous win noted BPPL Holdings PLC Managing Director and Chief Executive Officer, Dr. Anush Amarasinghe (pictured).