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F
ood 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.
Ifc Product Sales Volume
by Carton
(Rm million)
12.9% Tuna
Export,
77,437
54.2% Mackerel,
326,737
32.9% Tuna-
Domestic
198,366
Ifc Revenue Contribution by
Product
(Rm million)
1.7% Fish Meal
15.4% Tuna-In House (Local)
54.7% Mackerel
10.7% Tuna-Export Can
17.5% Tuna-Loin
5-Years Revenue & PBT
Performance
(Rm million)
Revenue
PBT
130.32
8.33
FYE2019
129.27
1.36
FYE2018
114.26
6.52
FYE2017
88.42
4.72
FYE2016
90.77
0.28
FYE2015
+0.8%
>+100%
Profit before tax for the year stood at RM8.33 million compared to
RM1.36 million registered in the prior year mainly attributable to
foreign exchange gain of RM0.67 million (FYE2018: forex loss
of RM8.53 million). Excluding the foreign exchange impact,
the division’s PBT would be RM7.66 million, 22.5% lower than
last year’s PBT of RM9.89 million. The decline is primarily
attributed to the decline in the canned tuna
(export) segment which generally gives a
higher margin compared to the division’s
other product segments.
performance
review
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