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year. G&D achieved higher revenue
and PBT of RM184.08 million and
RM17.67 million, an improvement by
11.9% and 52.7% respectively.
The division’s trade receivables
decreased 16.0% y-o-y to RM68.17
million. A significant amount of
the trade receivables arises from
customers with whom the division
has had a long-term relationship
and therefore the Board is of the
view that there is no significant
concentration of credit risk and
that the receivables are collectable.
The transport and confidential
documents subsegments continued
to show improvement in revenue
growth, albeit modest, cumulatively
generating approximately
RM102.07 million in revenue, an
increase of 0.4% over prior year.
Certain strategic contracts within
these product subsegments have
been successfully extended during
the year. Transport and confidential
documents are now the division’s
largest revenue segment groups,
albeit all with different margin
structures. We view these
segments groups as potential long-
term growth drivers and we are
investing strategically to foster this
incremental growth opportunity.
Except for travel documents,
results of the other product
FYE2018
FYE2016
FYE2015
FYE2019
FYE2017
5-Year Revenue & PBT Performance
(RM Million)
30.56
+34.0%
134.78
-4.3%
22.81
59.61
54.01
50.54
140.78
233.35
266.68
266.48
Revenue
PBT
Revenue By Product
6.2% Confidential
Documents
4.2% Certificates & Passes
0.8% Stamps, Postal &
Banking Documents
6.4% Foreign Travel
Documents
1.0% Others
11.9% Travel Documents
69.5% Transport
Documents
Customers needs
Specific business challenges
Megatrends/
digital disruptions
Margins under
pressure – high costs
of doing business
Economic cycles & impact on
governments’ infrastructure spend
Solutions, not
just products
Reduced cost
and increased
productivity
Supply security
& resilience
A trusted and
reliable service
provider
Fima CORPORATION Berhad
(21185-P)
Annual Report 2019
38