GMD's Message

Dear friends, shareholders, business partners and fellow Bousteadians,

Welcome to the Boustead Holdings Berhad (Boustead) Website.

Having undergone meaningful developments amidst challenges in this competitive market, the Boustead Group is today stronger and more resilient, while nimble and ready to take on new challenges.

The Group achieved a record pre-tax profit of RM829 million on the back of a turnover of RM5.75 billion. With strong earnings preceding us, Boustead is positive that this momentum will continue and enhance its shareholders value while attracting discerning investors. We are committed to deliver sound earnings while taking into consideration the interest of our various stakeholders.

Today more than ever, we are totally embedded in the Malaysian economy with our six core Divisions comprising of Plantation, Heavy Industries, Property, Finance & Investment, Trading, and Manufacturing & Services delivering positive earnings. A noteworthy mention is the addition of our latest Division, Heavy Industries which bore strong profits in its maiden year of operations.

As a responsible Government Linked Company and part of the Lembaga Tabung Angkatan Tentera Group, we are keenly aware that our balance sheet must remain strong and our earnings must find new ground. In the capital market, investors have taken to us and we are positive on our growth prospects.

In tandem with driving earnings upwards, we will continue to strengthen our commitment in terms of our Corporate Social Responsibility (CSR) initiatives. We have established the Group's inaugural CSR policy which reinforces our commitment to the key recipients of our CSR initiatives such as members of the Malaysian Armed Forces and various other communities. The CSR policy acts as a foundation in our efforts to solidify our role as a socially responsible entity.

In closing, we hope you will find our corporate web portal informative and interesting and we look forward to your views in helping us support the Malaysian economy in a tangible and positive manner.

Sincerely,


Tan Sri Dato' Lodin Wok Kamaruddin

Group Managing Director