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bulking
Revenue increased to an all-time
high of RM82.09 million while profit
before tax (“PBT”) decreased slightly
to RM41.76 million. For FYE2020, the
division is the leading
contributor of the
Group’s PBT at 80.6%.
Throughput grew 3.2%
year-on-year (“y-o-y”)
led by strong growth
particularly in the
edible oils, industrial
chemicals and used
cooking oil (“UCO”)
product segments. The
increase in edible oils
throughput particularly
at our Butterworth
terminals was
supported by the high levels of CPO
inventories while the increasing volumes
for UCO, which was driven by strong
customer growth, had more than offset
the decline in base oil and technical
FYE2020 Key Focus Areas
Capacity
Expansion
Customer
Growth
Handling of
New Products
Accreditations and
Value Chain Transparency
fats at our Port Klang terminals.
Further, performance of our freight-
forwarding and haulage subsidiaries
continue to remain healthy, with volume
and revenue contributions from this
segment increasing 13.1% and 36.0%
respectively, y-o-y.
Average tank
utilisation rate was
95% led by higher
volumes achieved
in the edible oils,
industrial chemicals
and UCO 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. Moreover,
the negative impact of Covid-19 on
our operations has been relatively
modest in FYE2020 as our industry
is considered as an essential service
5-Year Revenue &
PBT Performance
(RM Million)
20’
35.29
106.67
19’
43.13
81.15
24.91
18’
53.54
17’
20.00
47.46
16’
38.88
67.45
Revenue PBT
+31.4%
-18.2%
Revenue Contribution by Product
(%)
Edible
Oil
40.7%
Oleochemicals
9.4%
Industrial
Chemicals
20.9%
Base Oil
18.5%
Others 3.3%
Used
Cooking Oil
7.2%
Product Throughput
(MT)
1,120,820
FYE2019
FYE2020
1,086,347
Bulking Division : Powering On
FYE
kumpulan Fima Berhad
(197201000167)(11817-V)
Annual Report 2020
45