Boustead Remains Resilient
PETALING JAYA, April 6, 2015 – Amidst a demanding economic backdrop, Boustead Holdings Berhad (BHB) will continue to build on its diversified core businesses to ensure the sustainable growth of the Group.
For the financial year ended 31 December 2014, the Group registered sustained results, with a profit before tax of RM686 million on the back of a revenue of RM10.6 billion. The key contributor to the Group’s performance was the Property Division, followed by the Finance & Investment and Pharmaceutical Divisions which delivered solid contributions. The Plantation, Trading & Industrial and Heavy Industries Divisions also performed satisfactorily.
In line with its commitment to deliver value to shareholders, the Board declared a full year net dividend of 26 sen per share for the financial year, with a total dividend payout of RM269 million. This represents a 5.4% yield based on the closing price for the year under review.
YBhg Tan Sri Dato’ Seri Lodin Wok Kamaruddin, Deputy Chairman/Group Managing Director, Boustead Holdings Berhad said, “The Group remained resilient despite tough market conditions, leveraging on our strong fundamentals and diversified nature to ensure that our Divisions contributed positively to our bottom line. During the year, we strengthened our organic growth with viable acquisitions in order to add value to our core businesses.”
“As we pursue our strategic plans, we will capitalise on inherent opportunities in multiple sectors of the economy to drive our performance. Moving forward, we are confident that we will be able to maintain our momentum and deliver solid results,” concluded YBhg Tan Sri Dato’ Seri Lodin.
“We are highly encouraged by the opportunities that lie inherent within our six Divisions. As a resilient and diversified conglomerate which contributes positively to the Malaysian economy, we are confident in our ability to weather the economic uncertainties and deliver sustained earnings,” concluded YBhg Tan Sri Dato’ Seri Lodin.
Since its inception as a modest trading entity more than 180 years ago, the Boustead Group has grown by leaps and bounds to comprise more than 90 subsidiaries, associate companies and joint ventures, and has substantial interests in various sectors of the Malaysian economy. The Boustead Group's operations are focused in six key areas; plantation, heavy industries, property, finance & investment, trading & industrial and pharmaceutical. As at 31 December 2014, Boustead Holdings Berhad’s paid-up capital was RM517 million while its shareholders’ funds stood at RM5.9 billion. Market capitalisation is currently in excess of RM4.8 billion.
Forward looking statements
This release may contain certain forward-looking statements with respect to the financial conditions, results of operations and business of the Group and certain plans and objectives of Boustead Holdings Berhad with respect to these items. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
on behalf of: Boustead Holdings Berhad
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