Download - Boustead Holdings Berhad
Download - Boustead Holdings Berhad
Download - Boustead Holdings Berhad
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<strong>Boustead</strong> <strong>Holdings</strong> <strong>Berhad</strong><br />
2009 Annual Report<br />
TRADING DIVISION<br />
In spite of the tough economic conditions, the<br />
Trading Division registered a strong profit of RM47<br />
million compared with a loss of RM13 million<br />
previously. This turnaround was mainly due to solid<br />
contributions from <strong>Boustead</strong> Petroleum Marketing<br />
Sdn Bhd and <strong>Boustead</strong> Engineering Sdn Bhd.<br />
<strong>Boustead</strong> Petroleum Marketing Sdn Bhd (BH<br />
Petrol) ended the year with a profit of RM52<br />
million, compared with a nominal profit prior year.<br />
The positive result is a reflection of our effort to<br />
optimise cost structures and at the same time<br />
achieve volume growth. Inventory holding gains also<br />
led to an increase in our operating margin.<br />
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