Thu, Jan 19, 2012 - Page 11 News List

TransAsia Airways 707th on fastest-growing firms list

Staff Writer, with CNA

TransAsia Airways Corp (復興航空), a mid-sized Taiwanese airline, was named yesterday as one of the 1,000 fastest-growing companies in the world last year by the online International Business Times.

In 707th place, TransAsia was the only airline in the Asia-Pacific region to be included on the list.

The list was compiled by the online publication based on the compound annual growth rate of sales over the past three years of companies listed on stock markets around the world.

On its Web site, International Business Times said TransAsia’s growth rate over the past three years stood at 16.1544 percent.

TransAsia, which has been listed on the Taiwan Stock Exchange since November last year, posted NT$8.74 billion (US$291 million) in revenue last year, up 4.6 percent from 2010.

In the first three quarters of last year, the carrier recorded NT$1.31 in earnings per share, with a net profit margin of 9.64 percent.

TransAsia said it expects its sales to exceed NT$10 billion this year after the expansion of its flight routes in the Asia-Pacific region.

A total of 152 Taiwanese companies were included on International Business Times’ list of the 1,000 fastest-growing enterprises in the world. In 13th spot, Full Wang International Development Co (富旺國際) held the highest ranking among Taiwanese companies, followed by Sakura Development Co (櫻花建設) in 15th place; Mega Biotech & Electronics Co (美嘉生電) in 18th place; Ho Wang Construction Co (和旺建設) in 37th place; and Feng Sheng Technology Co (豐聲科技) in 41st place.

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