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Revenue
Profitability
FYE2018
RM Million
Contribution
%
FYE2019
RM Million
Contribution
%
Variance
RM Million
%
Manufacturing
140.78
29.2
134.78
28.7
(6.00)
(4.3)
Plantation
153.65
31.8
118.34
25.2
(35.31)
(23.0)
Bulking
53.54
11.1
81.15
17.3
27.61
51.6
Food
129.27
26.8
130.32
27.8
1.05
0.8
Other
5.22
1.1
4.88
1.0
(0.34)
(6.5)
Group Results
482.46
100.0
469.47
100.0
(12.99)
(2.7)
For the financial year ended 31 March 2019 (“FYE2019”), the Group generated revenue of RM469.47 million
compared to RM482.46 million recorded last year, representing a decrease of 2.7%. The decrease is mainly
attributable to the decline in contributions from Plantation and Manufacturing divisions by 23.0% or RM35.31
million and 4.3% or RM6.00 million, respectively.
The lower revenue recorded by the Plantation division y-o-y was reflective of the lower commodity prices. Our
average CIF Crude Palm Oil (“CPO”) selling price (net of duty) in FYE2019 declined significantly by 18.0% to
RM1,921 per MT (FYE2018: RM2,342 per MT). The average Crude Palm Kernel Oil (“CPKO”) price achieved was also
lower y-o-y at RM3,015 per MT (FYE2018: RM4,431 per MT). Lower production of CPO to 47,966 MT (FYE2018:
51,887 MT) also contributed to the decline in the division’s revenue.
Manufacturing division’s revenue performance had been largely impacted by the expiration of a major supply
contract.
Bulking division’s revenue increased significantly by 51.6% y-o-y to RM81.15 million compared to RM53.54 million
in the prior year on the back of the higher throughput achieved for most of the products segments, in particular,
edible oil, oleochemicals, industrial chemicals and base oil, offsetting the decline in latex. Total throughput
improved by 14.1% y-o-y.
Food division’s revenue rose 0.8% to RM130.32 million from RM129.27 million recorded in the previous year on the
back of improved sales in the canned mackerel and tuna loin segments. Sales volumes for tuna and mackerel in the
domestic PNG market grew 16.39% to 525,103 cartons (FYE2018: 451,165 cartons). However, the increase in revenue
was offset by the reduced contribution from the division’s canned tuna (export) segment both in terms of volume
and value.
FYE2018
RM Million
Contribution
%
FYE2019
RM Million
Contribution
%
Variance
RM Million
%
Manufacturing
22.81
29.2
30.56
26.6
7.75
34.0
Plantation
31.67
40.5
32.81
28.6
1.14
3.6
Bulking
24.91
31.9
44.39
38.6
19.48
78.2
Food
1.36
1.7
8.33
7.3
6.97
512.5
Other
(2.13)
(2.7)
(2.13)
(1.9)
-
-
Associate Companies
(0.48)
(0.6)
0.93
0.8
1.41
(293.8)
Group PBT
78.14
100.0
114.89
100.0
36.75
47.0
Kumpulan Fima Berhad
(11817-V)
Annual Report 2019
34