Saturday, May 23, 2015Saturday, May 23, 2015

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.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!