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2 8
Performance Review
Management discussion and analysis
FYE2014
FYE2015
FYE2016
FYE2017
FYE2018
PBT Performance 2014-2018
(RM’million)
Manufacturing
63.39
50.54
54.01
59.61
25.48
Bulking
37.28
38.08
38.88
20.00
24.91
Food
(3.44)
0.28
4.72
6.52
1.36
Plantation
27.33
24.73
14.78
(5.96)
28.34
Profitability
FYE2017
RM million
Contribution
%
FYE2018
RM million
Contribution
%
Variance
RM million
Variance
%
Manufacturing
59.61
70.4
25.48
31.7
(34.13)
(57.3)
Plantation
(5.96)
(7.0)
28.34
35.2
34.30
575.5
Bulking
20.00
23.6
24.91
30.9
4.91
24.6
Food
6.52
7.7
1.36
1.7
(5.16)
(79.1)
Others
1.64
1.9
0.87
1.1
(0.77)
(47.0)
Associate Companies
2.86
3.4
(0.48)
(0.6)
(3.34)
(116.8)
Group PBT
84.67
100.0
80.48
100.0
(4.19)
(4.9)
During the year under review, the Group generated revenue of
RM482.46 million compared to RM547.21 million recorded last
year, a decrease of 11.8%. The decrease in revenue is mainly
attributable to the sharp decline in Manufacturing Division’s
revenue by 39.7% or RM92.57 million following the expiration
of a major supply contract, thereby offsetting the revenue
improvements from Plantation, Bulking and Food Divisions.
Despite the volatility in commodity prices during the year, our
Plantation Division recorded better revenue compared to the
previous year. Higher fresh fruit bunch production resulting
from better yield per mature hectare of 22.9 MT (FYE2017:
19.4 MT) coupled with higher volume Crude Palm Oil and
Crude Palm Oil Kernel sold were the key drivers behind
Plantation Division’s improved results.
Bulking Division also posted an improved revenue of RM53.54
million compared to RM47.46 million in the previous year due
to higher throughput of edible oil as compared to last year.
Food Division also recorded higher revenue on the back of
improved sales in all product segments especially tuna.