Aboitiz Power Corporation (AP) earned an outstanding recognition by an international financial publication - Eurmoney Magazine, as one of the Best Managed Companies in Asia for 2011.
Euromoney, a monthly periodical on the world's capital markets, requested that analysts at leading banks and research institutes nominate their top companies in each of the Asian countries or sectors they covered, bearing in mind market strength, profitability, growth and potential and quality of management and earning.
Out of the 16 companies that were nominated, Aboitiz Power emerged as top 3 in the Most Convincing and Coherent in the Philippines category.
There were a total of 27 companies from China, Singapore, Taiwan, Malaysia, Hong Kong, Korea, Japan, and the Philippines that made it to the yearly record. Most of the companies were from the telecommunications sector, which makes Aboitiz Power so unique among others in the ranking.
Euromoney’s regional ‘Best Company’ rankings are taken from an assessment of market analysts at premium banking institutions and research institutes around the world who give their views on which companies they think are on top according to their different categories and sectors.
Abotiz Power made a great contribution to its parent company, Aboitiz Equity Venture’s (AEV) bottom line, which in the first and second quarters of 2010 grew by 389 percent to P14.2 billion from P2.9 billion in 2009. This huge achievement was recognized also by the Asiamoney Magazine, which gave AP the Large Cap Corporate of the Year award from the publication respectively.
This recognition shall add to the company's foothold in ascending to the upper flanks of Asia's companies in the near future.
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