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INTEGRATED
REPORT
2020

KULIM (MALAYSIA) BERHAD
INTEGRATED REPORT 2020

This Integrated Report covers the activities of Kulim (Malaysia) Berhad for the Financial Year Ended 31 December 2020 (“FY 2020”) up to 15 March 2021, being the last practicable date before the printing of this report.

The Integrated Report aims to provide concise, relevant and reliable information.  A supplementary section of the Integrated Report which expands on the Group’s issues and individual stakeholder requirements is available on the Group’s website

"STRENGTH. RESILIENCE. GROWTH."

  




PERFORMANCE FOR THE YEAR 2020


REVENUE

RM1.41 BILLION

FY 2019 RM1.21 Billion

17%

LOSS BEFORE TAX

RM398.95 MILLION

FY 2019 RM127.85 Million

GROUP CASH POSITION

RM170.23 Million

DIVIDEND TO SHAREHOLDERS

RM52 Million

GROSS GEARING

Ratio

0.82

Times

NET GEARING

Ratio

0.76

Times

AVERAGE SELLING PRICE

CPO

RM2,753 pmt

FY 2019 RM2,182 pmt

26%

PK

RM1,625 pmt

FY 2019 RM1,289 pmt

26%

CHAIRMAN’S STATEMENT




Dear Stakeholders,

"It is an honour for me to be appointed as the new Chairman of Kulim (Malaysia) Berhad, a position assumed on 1 March 2021. I am looking forward to work with my fellow Board members and the Senior Management Team to continue building on the Company’s strong operating and financial performance”.

As I write this message, most countries – Malaysia included – have entered a third wave of the COVID-19 pandemic. Although vaccinations have been approved and administered, it will take time before a sufficient number of people receive the required doses for immunity. Until then, the world will still have to observe social distancing, good hygiene and other Standard Operating Procedures (“SOPs”) as part of the “new normal”.

Yet, as the American poet Robert Frost wisely stated, “life goes on”. People and organisations alike just have to adapt to the sweeping changes around us as best as possible. In some ways, the call for change is positive for businesses as it forces a rethink of fundamental issues, such as our broader purpose within the context of society and how best we can create real value.



TAN SRI DR. ALI HAMSA

CHAIRMAN