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Performance Review
Dear Shareholders,
We had anticipated a difficult year in FYE2018 and had highlighted
several of the challenges we saw ahead in last year’s annual report.
The first part of the year under review was a particularly intense period
for the Group with a variety of factors developing negatively as the year
progressed, in particular, expiration of a major supply contract for our
manufacturing subsidiary and the initial outcome of PT Nunukan Jaya
Lestari’s (“PTNJL”) legal suit. The matter is currently pending before the
Mahkamah Agung whose decision is expected in the coming months.
Add to that, we also experienced the loss of our Chairman, Tan Sri Ir.
Muhammad Radzi bin Haji Mansor who passed away on 21 July 2017.
When there are so many unexpected external variables affecting
business, the only constants are the values that guide our day-
to-day actions. During my visits to the operating sites I have been
struck by the enthusiasm and professional attitude shown by them,
especially those who have been affected by difficult circumstances.
For that reason, the theme of this report focuses on our employees,
the people who apply those values through their actions and resolve
amid a variety of pressures.
RM80.48
mil
Group Profit Before Tax
RM81.98
mil
Group Earnings Before
Interest and Tax
RM482.46
mil
Group Revenue
Letter from the Group Managing Director