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Kumpulan Fima Berhad (11817-V) •
Annual Report 2018
Food Division recorded strong revenue growth of RM129.27 million, up 13.1% from
RM114.26 million last year. Higher sales volumes, favourable product mix and higher
selling prices in most product segments had positively impacted revenues during the
year. However, PBT declined by RM5.16 million compared to the same period last
year due to the forex losses of RM8.53 million. The weak Kina has had a significant
effect on IFC, our PNG subsidiary, thereby impacting on KFIMA Group’s earnings
results, both in terms of the negative forex translation of IFC’s operations from Kina
to Malaysian Ringgit and on the cost of raw material purchases, which are largely
denominated in US Dollars.
The Division has put in place a renewed
focus on marketing and sales and we
are pleased with our momentum on
this front as underlying sales trends
continue to strengthen for both local
and export markets. Overall, IFC sold
645,871 cartons of canned products, an
improvement of 12.8% over last year.
Exports of tuna products to the European
Union, IFC’s major export destination,
increased favourably both in terms of
volume and value, especially for tuna
loins. The mackerel segment grew 4.0%
volume-wise and 4.5% in terms of value.
Revenue
CONTRIBUTION BY COMPANY (RM’MILLION)
IFC Revenue
CONTRIBUTION BY PRODUCT (%)
Profit before tax
CONTRIBUTION BY COMPANY (RM’MILLION)
108.21
5.80
6.05
0.72
* Due to the forex losses of RM8.53 million
FYE2017
FYE2017
FYE2017
FYE2017
IFC
IFC
FISB
FISB
122.68
0.31
6.59
1.05
▲
13.4%
▼
*94.7%
▲
8.9%
▲
45.8%
FYE2018
FYE2018
FYE2018
FYE2018
Mackerel
···························
53.2%
Tuna - Export Can
··············
25.5%
Fish meal
····························
0.3%
Tuna - Loin
··························
9.6%
Tuna - in house (Local)
�����
11.4%
Food Division