REA Group is one of only 11 Australian companies to make the list, alongside businesses such as Cedar Woods Properties, Webjet and Carsales.com.
The 200 companies on the list are not ranked, but represent the top 1.3 per cent of the category. This is the third time that REA Group has featured in the ‘Top 200 Best Under a Billion’ list, having been recognised for the Group’s strong financial performance the past two consecutive years.
REA Group Chief Executive Greg Ellis said: “Over the past three years we have been focussed on rolling out our product depth strategy, an upgrade path for listings across our residential, commercial and new development markets.
“Our evolution from a subscriptions focussed business to a listing product focus has been well-received by our local and international markets.
“The high uptake of our new product suite demonstrates that we are delivering a strong value proposition to consumers, property-owners and customers."
Now in its ninth year, the Forbes Asia ‘Top 200 Best Under A Billion’ is determined from a database of 15,000 stock-traded companies in the Asia-Pacific with revenues between $5 million and $1 billion(US). Criteria for inclusion includes a five-year average return on equity and pre-tax margin greater than 10 per cent, debt less than 75 per cent of shareholders’ equity, and a trading history of at least one year.
Source: REA Group
Edited by Gordana Davila