Deloitte Fast 50 List has placed Dunedin's New Zealand Honey at the top of its list of 50 firms which have shown positive growths despite the economic downturn. The number 1 ranked company started operations in 2005, but has fast become the country's largest producer of specialty honeys. The revenue growth posted by NZ Honey last year was a whopping 995%.
The Fast 50 List, which names companies from all over the world, has ranked firms which, "stay focused and don't get distracted chasing seagulls on the beach". Deloitte explained that companies which have made the list did not make any over-the-top achievements, but simply managed to remain very focused and business savvy during harsh financial times.
The top ranked companies shared that Asia was currently appearing as the most sensible market to do business with and break into. New Zealand does, in-fact, seem to be taking this piece of knowledge seriously. A free trade agreement was signed by the country with Malaysia recently.
The top 10 slots of the list have been taken by companies from around New Zealand. To make it to the Fast 50 List this year, companies had to post a revenue growth of 145% or more for periods between 2007 and 2009. Currently, Dunedin is enjoying its sweet success and plans on making things better in the coming times.
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