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FIMA CORPORATION BERHAD
(21185-P) |
Annual Report
2016
CHAIRMAN
STATEMENT
(contd.)
DIVIDEND
The Board of Directors is pleased to recommend for
shareholders’ approval a final dividend of 15% or 7.5
sen per RM0.50 share for the year ended 31 March
2016. An interim dividend of 10% or 5.0 sen per
RM0.50 share was paid on 31 December 2015. Total
dividend for the financial year under review is 25% or
12.5 sen per RM0.50 share. (2015: 25% or 12.50 sen
per RM0.50 share).
CORPORATE DEVELOPMENT
On 4 December 2015, the Group’s subsidiary, FCB
Plantation Holdings Sdn Bhd completed the acquisition
of 70% equity interest in R.N.E Plantation Sdn Bhd
(“RNEP”) for a total purchase consideration of RM4.2
million. RNEP has been granted a sub-lease over a
parcel of land measuring approximately 2,000 hectares
(4,940 acres) situated in Mukim Sungai Siput, Daerah
Kuala Kangsar, Perak Darul Ridzuan for a term of 60
years.
The acquisition of RNEP is in line with the Group’s
objective to expand its plantation business, particularly
in Semenanjung Malaysia, and to capitalise on the
long-term prospects of the palm oil industry.
OUTLOOK
The current financial year is expected to remain
challenging in the face of macroeconomic uncertainties
especially with regards to the impact of the slowdown
of the Chinese economy. With BNM projecting a
slower gross domestic product of 4% - 4.5% in 2016
(FY2015:5%), the Group anticipates that Malaysia will
continue to be susceptible to these headwinds.
At the industry level, factors such as extreme weather
conditions, labour shortages, soft consumer sentiments
and increased competition will continue to pose
challenges to the Group’s businesses.
Given the present business climate, the Group’s
focus for this current financial year will include making
selective investments which are accretive to our
existing portfolio while at the same time drive further
operational efficiencies to deliver shareholders’ value .
The Group also intends to fully realize the potential of
acquisitions made in recent years.
We are confident that our strong fundamentals and
strategies, combined with the support of our Board and
dedication of our employees, will enable the Group to
successfully navigate through these challenging times.
APPRECIATION
On behalf of the Board of Directors, I would like to
express our deepest gratitude to the Management
team and staff of FimaCorp for their hard work and
support towards the continued success of the Group. I
would also like to express my sincere thanks to all our
stakeholders, suppliers, customers, shareholders and
fellow Board members for their support.
DATO’ ADNAN BIN SHAMSUDDIN
Chairman
101.2
5-YEAR GROUP PERFORMANCE
(RM 'MILLION)
2016
2015
Revenue
PBT
2014
2013
2012
77.3
375.2
300.2
88.8
107.5
87.8
378.0
348.4
305.1
0
50
100
150
200
250
300
350
400