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Three Sri Lankan companies have made it to the 2016 Forbes Asia’s 200 ‘Best Under A Billion’ list, up from just one last year. The three companies are Regnis (Lanka) Plc, Royal Ceramics Lanka Plc and Textured Jersey Lanka Plc.

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Regnis (Lanka) Plc, one of the four publicly listed subsidiary firms of the Singer Sri Lanka group, manufactures and markets refrigerators and washing machines while Royal Ceramics Lanka Plc, a subsidiary of Vallibel One Plc is a leading manufacturer of homogenous porcelain tiles, ceramic tiles and sanitaryware in Sri Lanka.

Textured Jersey Lanka Plc, a member of the Brandix group specializes in the manufacture of high quality, weft-knitted and dyed stretch fabrics and is a major supplier to apparel manufacturers throughout Asia and end-chain retailers.

The ‘Best Under A Billion’ list honours 200 leading public companies in the Asia Pacific region with annual revenue between US$5mil and US$1bn, have positive net income and have been publicly traded for at least a year.

Forbes said from a universe of 17,000 companies, the candidates were screened on sales growth and earnings growth in the past 12 months and over three years, and for the strongest five-year return on equity.

Companies from mainland China, Hong Kong and Taiwan account for 65% of this year’s Forbes Asia’s ‘Best Under A Billion’ list, a record high for the list of the top 200 publicly traded companies in the Asia-Pacific region. Of the 200 companies, 116 are new on this year’s list.

A total of 98 companies from China and Hong Kong made it to this year’s list, up from 84 the previous year.

The full list can be found at http://www.forbes.com/asia200/list/ and in the latest issue of Forbes Asia.

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