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Fima CORPORATION Berhad
(197401004110) (21185-P) •
Annual Report 2020
22
letter from the
Chairman
Dear Shareholders,
For the financial year ended 31/03/2020
(“FYE2020”), Group revenue decreased
0.7% to RM243.13 million (FYE2019:
RM244.72 million. Profit before tax (“PBT”)
also declined 77.2% to RM18.13 million
compared to RM79.48 million last year. The
reduction in PBT was due to impairment
losses on property, plant and equipment
(“PPE”) and right-of-use (“ROU”) assets
in PT Nunukan Jaya Lestari (“PTNJL”)
amounting to RM17.79 million against write
back of impairment losses amounting
RM23.63 million recorded in FYE2019.
Without these impairment losses, the
Group’s PBT would be RM35.92 million,
35.7% lower than the last financial year.
Earnings per share and net assets per
share stood at 4.90 sen and RM2.29,
respectively, from 23.90 sen and RM2.39
respectively, the year before.
Net cash generated from operating
activities for the year was RM17.57 million
and we ended the year with a strong
balance sheet and cash of RM174.58
million (inclusive of short-term cash
investments). Our capital expenditures
for FYE2020 totalled RM17.00 million
(FYE2019: RM22.91 million).
Group Revenue
RM243.13 Million
FYE2019 FYE2020
%
Change
RM
Million
RM
Million
Manufacturing
134.78
134.00
(0.6)
Plantation
102.84
103.12
0.3
Property
Management
7.10
6.01 (15.4)
Total
244.72 243.13
(0.7)
Group PBT
RM18.13 Million
FYE2019 FYE2020
%
Change
RM
Million
RM
Million
Manufacturing
30.56 25.99 (15.0)
Plantation
47.43 (10.62)
(122.4)
Property
Management
1.45
3.72
156.6
Associated
Companies
3.73
1.96 (47.4)
Others
(3.69)
(2.92)
(20.9)
Total
79.48 18.13 (77.2)
Dato’ Adnan bin Shamsuddin