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FIMA CORPORATION BERHAD
(21185-P) |
Annual Report
2016
KEY FINANCIAL INDICATORS
2016
2015
Revenue
RM million
375.21
378.01
Earnings before interest and taxation (EBIT)
RM million
77.37
87.87
Profit before tax (PBT)
RM million
77.30
87.83
Profit after tax (PAT)
RM million
54.87
60.31
Return on average shareholders’ equity (ROE)
%
9.6
11.2
Return on average capital employed (ROCE)
%
13.0
16.0
Total returns to shareholders
- Gross dividend (per RM0.50 share)
%
25.00
25.00
SEGMENTAL PROFIT BEFORE TAX
2016
Mix
2015
Mix
RM’000
% RM’000
%
Manufacturing
54,007
69.9 50,543
57.6
Plantation
21,357
27.6 34,420
39.2
Property Management
1,121
1.5
818
0.9
Other
(736)
(1.0)
(1,291)
(1.5)
Share of results of associate
1,551
2.0
3,337
3.8
Group results
77,300
100.0 87,827
100.0
The Group’s PBT
decreased by 12.0% to RM77.3 million from RM87.8 million recorded in the previous financial
year. The decrease is primarily due to lower revenue and higher cost of sales coupled with RM1.7 million pretax
loss incurred by plantation estates in Malaysia which are undergoing land development and palm planting.
The Group generated an
operating cash flow
of RM63.9 million for FY2016 against RM32.7 million in the previous
financial year and incurred RM10.8 million capital expenditure. The Group continues to maintain a healthy cash
and bank balance, which stood at RM177.6 million as at 31 March 2016.
Shareholders’ equity
as at 31 March 2016 stood at RM554.2 million, an increase of RM23.7 million or 4.5% over
the previous financial year.
MANAGEMENT DISCUSSION
AND ANALYSIS