ProFriends – A Top Philippine Company

I recently stumbled upon this article posted just last May that talked about ProFriends (Property Company of Friends Inc.) being in the Top 1000 companies in the world (Business World). But the listing was published in October 2011. Well, that’s just less than two years ago and I think this is quite an achievement for Pro-Friends especially since the world was just bouncing back from a financial crisis back in 2008. The Philippine economy did well in 2010 and this prompted local companies to be listed in this prestigious business list.

The article states, “Ahead of the pack was Ongpin-led Top Frontier Investment Holdings, Inc. which zoomed to 14th place with an exponential leap in revenues, to P66.1 billion last year from P2.32 billion in 2009.”

It is also stated there (quoted text):

“Other newcomers were Beacon Electric Asset Holdings, Inc. which took the 518th spot, Q-Tech Alliance Holdings, Inc.(No. 674), Union Cement Holdings Corp.(No. 738), City Savings Bank, Inc.(No. 813), Fundline Finance Corp.(No. 848), and Orix Metro Leasing and Finance Corp.(No. 971).

The Bangko Sentral ng Pilipinas said the Philippine financial system continued to build on the resilience it exhibited at the height of the 2008 global crisis. “Sustained  implementation of key financial sector  reforms together with the improving macroeconomic environment augured well for the financial system,” it said in a 2010 status report.

No.4 on the list of new entrants was power producer administrator Therma Luzon, Inc. which placed 47th overall with gross revenues of P23.92 billion, up by 631% from just P3.27 billion in 2009.

Other energy newcomers were Panasia Energy Hold­ ings, Inc.(No. 113), Sem-Calaca Power Corp.(No. 173), Therma Power, Inc.(No. 191), Green Core Geothermal, Inc.(No. 213), and Therma Marine, Inc.(No. 290).

From the manufacturing industry emerged Panasonic System Networks Philippines  Corp., whose P2o-billion revenue earned it the 61st spot in overall rankings. Its peers in the new entrants list were Pacific Paint (Boysen) Philippines,  Inc. (No. 156), Pure Essence International,Inc. (No. 620), Asian Coatings Phils., Inc. (No. 947), Big “E” Food Corp.(No. 990), and PDM Philippines  Industries, Inc.(No. 998)., with revenues ranging from about P1 billion to P9.5 billion.

Wholesale and retail trade companies dominated the ranks of new competitors in this edition, with 10 entrants led by Procter & Gamble Distributing (Philippines),  Inc. which placed 194th overall. Following it were Shogun Management & Development Corp.(No. 540), Costsaver’s Supermarket, Inc.(No. 623), Veloce Distributions,  Inc.(No. 733), RCS Eastern Intertrade Corp.(No. 891), CW Marketing & Development Corp.( No. 892), Lucena Sales Gas, Inc.(No. 972), PGA Cars, Inc.(No. 983), Jenra, Inc.(No. 996), and La Nueva Supermart, Inc. which took the final spot.”

And finally, Pro Friends made it, “Driven by increased demand for residential condominiums and medium and high-end housing for overseas Filipino workers, the real estate industry saw two members join the country’s 500 highest grossers last year – Eton Properties Philippines, Inc.(No. 382) and Property Company of Friends, Inc.(No. 423).”

It would be awesome to find an updated list for the Year 2013 since this was for 2011. I guess it would be posted either late 2013 or early 2014 since they would have to study and consolidate information again. Good job PCFI!

for more related post:
http://www.businessmirror.com.ph/index.php/en/features/learning/17756-pampanga-school-receives-gift-of-knowledge-from-pro-friends-kcfi
http://ownahome.weebly.com/pro-friends-cavite.html
http://www.panaynewsphilippines.com/top-stories/6877-pro-friends-ground-breaks-iloilos-first-green-community.html