55 / 232
R
evenue increased significantly
by 51.6% y-o-y to an all-time
high of RM81.15 million and
profit before tax (“PBT”) increased
to RM44.39 million, another record
high. For FYE2019, the division
is the leading contributor to the
Group’s PBT at 38.6%.
Throughput grew 14.1% year-on-
year (“y-o-y”) mainly driven by
strong growth across most product
segments particularly edible oils,
oleochemicals and industrial
chemicals which more than offset
the decline in latex. The increase
in edible oils throughput at both
our Port Klang and Butterworth
terminals were supported by the
high levels of CPO inventories
especially in the first three
quarters of FYE2019 while the
higher throughput generated by
industrial chemical and base oil
segments were primarily driven by
market share gains on the back of
robust transshipment and trading
activities both domestically and in
the region.
Average tank utilisation rate was
90.4% which is 48.7% higher than
last year, led by higher volumes
achieved in the edible oils,
industrial chemicals and technical
fats segments. This increase was
also underpinned by the higher
proportion of long-term contracts
secured by our terminals in North
Port, Port Klang, compared to spot
contracts.
Revenue Contribution by Product
(%)
17% Industrial
Chemicals
0.7% Latex
1.1% Haulage
3.1% Transportation
0.8% Freight
Forwarding
11.1% Misc Income
3.0% Technical Fats
Edible Oil
Products
Base Oil
7.5% Oleochemicals
35.6%
20.1%
Total Throughput
(MT)
1,086,345
FYE2018
FYE2019
951,851
Throughput
Breakdown
(MT)
Edible Oil
530,347
Oleochemical
54,310
Technical Fats
26,365
Industrial
Chemicals
237,332
Base Oil
170,355
Latex
10,277
Transportation
57,359
TOTAL
1,086,345
Bulking Division:
5-Years Revenue & Pbt
Performance
(RM Million)
Revenue
PBT
81.15
44.39
FYE2019
53.54
24.91
FYE2018
47.46
20.00
FYE2017
67.45
38.88
FYE2016
66.81
38.08
FYE2015
+51.6%
+78.2%
During the year under review, we
received the relevant approvals
to build 4 new storage tanks
with a combined capacity of
3,200 MT at our terminal in North
Port, Port Klang, bringing the
total number of tanks there to
231. Increasing our capacity not
performance
review
51