54 / 244
Ifc Revenue Contribution by
Product
(Rm million)
0.9% Fishmeal
53.1% Mackerel
15.7% Tuna-Loin
14.8% Tuna-In House (Local)
0.3% Crude Fish Oil
15.1% Tuna-Export Can
0.1% Cooking Oil
FISB recorded revenue
and PBT of
RM5.52 million
and
RM0.48 million,
respectively.
Capital expenditure incurred
by IFC was
RM4.10 million
(FYE2019: RM3.40 million). Major
spend items in FYE2020 include
the purchase and refurbishment
of boilers, and improvements of
facilities at our sites.
Besta Vegetable
Cooking Oil
was launched in
October 2019
and is IFC’s
first product
in the non-fish
category.
During the year, we made steady forays
into new product variants and categories
in our efforts to improve our sales mix
and enhance earnings. We have begun
producing crude fish oil that, when
refined, can be used as ingredients in
pharmaceutical products and animal
feed given that it is rich in Omega-3.
The crude fish oil which is derived from
tuna and mackerel offcuts will make
better use of the by-products from IFC’s
main food production lines thereby
reducing wastages and consistent with
our sustainability agenda to optimise
our environmental footprint in every
phase of our value chain. The crude fish
oil has been accredited with the Halal
and Kosher certifications and is currently
being exported to New Zealand.
In line with evolving consumer trends,
a new flavour, Besta Mackerel in
Coconut Cream was introduced in
May 2019. Subsequently in October
2019, we launched Besta Vegetable
Cooking Oil, our first product in the
non-fish category, as part of our
strategy to extend our product range
and leveraging on the strength of the
Besta brand. We are now finalising the
development of 2 more new non-fish
products, also under the Besta brand,
and we expect to launch them in this
current financial year.
Capital expenditure incurred by
IFC was RM4.10 million (FYE2019:
RM3.40 million). Major spend items
in FYE2020 include the purchase
and refurbishment of boilers and
IFC: Revenue & PBT
Contribution
(Rm million)
Revenue PBT
7.45
126.17
14.44
2019
2020
124.01
+1.7%
+94.6%
Food Division : Full Sail Ahead
improvements of facilities at our sites.
We have also upgraded our IT systems,
and moving forward we hope to reap
the benefits of the enhanced system
through inter alia, better forecasting
and inventory management.
In Malaysia, our food-packing
subsidiary, Fima Instanco Sdn Bhd’s
(“FISB”) performance has been
resilient in the face of softening
consumer demand. FISB recorded
revenue and PBT of RM5.52 million and
RM0.48 million, respectively, which are
lower compared to last year. The y-o-y
Annual Report 2020
kumpulan Fima Berhad
(197201000167)(11817-V)
50