Cha i rman’s statement
Financial Performance
We completed our first full year of
operations since our listing with a
profit of RM95 million, compared with
RM90 million in 2014. While the Group’s
earnings were indeed impacted by
lower CPO prices, this was offset by
gains from disposal of non-core land.
Revenue for the year was RM615 million,
a 14% reduction from the year before.
For the year under review, earnings
per share was 4.9 sen, while net assets
closed at RM1.36 per share.
Dividend
The Group is strongly committed to
consistently delivering value to our
shareholders via positive dividend
yields.
Dividend was 13 sen per share, which
represented a 8.7% yield based on the
closing stock price for the financial year
ended 31 December 2015. To date, the
Group has paid out dividends totalling
10 sen to shareholders. The remaining
3 sen will be paid on 25 March 2016
to shareholders on the register as at 9
March 2016.
Human Capital
A strong, skilled and driven talent
pool is integral in realising our plans
for further growth and to drive the
Group forward.
While we implemented various
initiatives
focused
on
talent
development over the course of the
year, we also placed importance
in maintaining a close employer-
employee relationship.
Outlook
Global forecasts predict a year of
dampened growth in 2016, while on the
domestic front, overall sentiment remains
cautious. However, analysts and industry
experts have taken a bullish view of palm
oil prices in the upcoming months.
Analysts are expecting a recovery in
global demand particularly in the food
sector paired with lower CPO production
as a result of vagaries in weather
conditions such as the haze and drought
arising from the El Nino phenomenon.
As a leading
Malaysian
conglomerate, we
are conscious that
our talent pool
is the backbone
of the Group,
supporting our
growth as a dynamic
and diversified
organisation
Undoubtedly,
there will be
challenges t be
faced. Regardless,
we remain focused
in our plans,
confident in our
growth strategies,
and more
determined than
ever to concentrate
our efforts on
driving the Group to
greater heights.
Bo ustead plantati o ns Berhad
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