Elsoft active, jumps 11.3% on making it to Forbes Asia’s Best Under A Billion list

KUALA LUMPUR (July 12): Shares in Elsoft Research Bhd jumped 11.35% in active trade after the company made it to this year’s 200 top-performing public companies of Forbes Asia’s Best Under A Billion list.

At 9.10am, Elsoft rose 10.5 sen to RM1.03 with 5.01 million shares done for a market capitalisation of RM687.46 million.

The Best Under A Billion list honors 200 leading public companies in the Asia Pacific region with an annual revenue between US$5 million and US$1 billion.

According to Forbes Asia, the 200 companies posted more than 50% average growth in annual net profit and sales in their latest financial year for a combined US$10 billion and US$54 billion respectively.

Source: TheEdgeMarkets