HONG KONG, Oct. 8 /Xinhua-PRNewswire/ -- Modern Beauty Salon Holdings Limited (HKEx: 919.HK) was recently accredited as "Asia's 200 Best Under A Billion" by the Forbes Magazine. Being the only beauty and health services company in Asia that make the list for two consecutive years, the honour is a testimony to Modern Beauty's internationally recognized profitability, brand reputation and corporate governance.
In terms of net income earned in last year, Modern Beauty was ranked 29, among other China and Hong Kong players in the list.
Joyce Tsang, Chairperson and Chief Executive Officer, was pleased that Modern Beauty can receive such accolade for the past two consecutive years, as it reflected that their diversified and quality services and financial track record have been recognized by international investors.
Forbes' Best Under A Billion list in 2008 drew from 24,155 publicly listed outfits with less than USD$1 billion in sales in the Asia-Pacific Region. The companies were vetted for consistent growth of both sales and profits over the past 12 months. According to Forbes Magazine, members of the 2008 list have proven themselves capable of navigating stormy economies. Therefore, the list helped the investors to pick the companies with strong foundations and healthy financial position.
