More SMEs join ranks of top corporate achievers
But German chemical giant Lanxess tops list with 6,247% growth rate
Published on Aug 20, 2014 7:04 AM
Logistics is a fiercely competitive game but one Singapore firm seems to have found the formula for rapid growth.
GLE Logistics has transformed itself from a small enterprise with a turnover of $6.5 million into a major player in just three years, increasing revenue fourfold in the process and opening branches in Malaysia, Vietnam and Shanghai.
The firm came in 14th on a list of Singapore's 50 fastest-growing companies released yesterday by DP Information Group.
The annual list identifies companies that have achieved at least 10 per cent turnover growth every year for the past three years, while also making profits each year.
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