BERJAYA GROUP BERHAD - Berjaya Corporation Berhad

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20 Chairman’s Statement STRATEGY FOR THE FUTURE AND PROSPECTS The Group remains one of the largest consumer groupings in the country with successful businesses in gaming, direct selling, financial services, property development, vacation time-share and hotels and resorts development. International, will ensure that we continue to progress with our quest to be a premier hotel operator in the region. The prevailing difficult business environment is expected to continue into the current financial year. Recognising this, austerity measures have been instituted across the Group to reduce cost and improve operational efficiency. Synergistic opportunities, vast within our diversified businesses would be fully exploited to maximise returns for the Group. <strong>BERJAYA</strong> LE MORNE BEACH RESORT & CASINO, MAURITIUS. Given the resilience and operational strengths of our diverse businesses, we believe we will weather through this difficult period and emerge stronger. We anticipate that the coming financial year 1999’s results would be at least satisfactory. Our strength lies in the huge distribution network and brand name that we have built in the various core businesses. The Group’s main earnings contributor, Sports Toto Malaysia, is the second largest Number Forecast Operator which runs the largest network of 681 outlets throughout the country. Cosway (M) Sdn Bhd, a leading direct selling company in Malaysia with 270 stockist centres well distributed throughout the country has registered more than 250,000 members locally and another 150,000 members abroad. The formidable strength of our network together with a focused approach taken by the Group will ensure that these businesses continue to grow in the future. Despite the economic downturn, the Group has continued to rationalize its operations where needed. Our hotels and resorts operations, already restructured to synergize with our timeshare business, and having gone through a long gestation period is beginning to turn around in their performance. The strategic location of our well managed hotels and resorts and affiliation to a world renowned chain, Best Western CONDOLENCES The Board members and I would like to extend our deepest condolences to the families of our late colleagues, Mr. Tan Kim Poh and Allahyarham Dato’ Wan Adli bin Dato’ Wan Ibrahim who passed away on 28 January 1998 and 26 April 1998 respectively. I wish to extend our thanks and appreciation for their invaluable services rendered during their tenure in office. APPRECIATION On behalf of my fellow Board members, I wish to especially thank the management and employees for their hardwork and belief in us throughout this difficult year. We also thank all our shareholders, business partners, financiers, regulatory authorities, customers and suppliers for their continued support. TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN Chairman / Chief Executive Officer 23 October 1998
21 Penyata Pengerusi Kekuatan Kumpulan terletak pada rangkaian pengedaran yang luas dan jenama yang telah sekian lama dibina dalam pelbagai perniagaan utama Syarikat. Sebagai pengusaha permainan pertaruhan yang kedua terbesar di negara ini, Sports Toto Malaysia menjadi penyumbang utama kepada pendapatan Kumpulan. Operasi 681 pusat jualan di seluruh negara menjadikannya rangkaian yang terbesar di Malaysia. Cosway (M) Sdn Bhd berjaya menarik lebih 250,000 orang ahli di Malaysia dan 150,000 lagi di luar negara, menjadikannya syarikat jualan langsung yang terulung di Malaysia. Ia mempunyai 270 buah pusat stokis di seluruh negara. Kekuatan rangkaian serta pendekatan khusus yang digunakan oleh Kumpulan akan memastikan semua perniagaan ini akan terus berkembang maju pada masa hadapan. Kegawatan ekonomi tidak menjejaskan usaha Kumpulan untuk meneruskan penyusunan semula operasinya. Operasi hotel dan pusat peranginan Kumpulan yang diselaraskan dengan perniagaan percutian perkongsian masa telah mula memberikan pulangan yang menggalakkan. Lokasi strategik hotel-hotel dan pusat peranginan Kumpulan yang diuruskan dengan baik dan gabungan dengan rangkaian hotel terkenal Best Western International akan memastikan kejayaan usaha Kumpulan untuk menjadi pengendali hotel yang terunggul di rantau ini. Kesulitan perniagaan akibat kegawatan ekonomi dijangka berterusan pada tahun kewangan semasa. Oleh itu, langkah-langkah berjimat cermat telah dilaksanakan dalam seluruh operasi Kumpulan untuk mengurangkan kos dan meningkatkan kecekapan. Kumpulan akan menggunakan segala kesempatan yang diperolehi untuk menyepadukan pelbagai perniagaan bagi meningkatkan pulangan. Berasaskan keutuhan dan kekuatan operasi pelbagai perniagaan Kumpulan, kami yakin Kumpulan bukan sahaja akan dapat melalui tempoh yang sukar ini, tetapi juga akan muncul dengan lebih kukuh lagi. Kami menjangkakan akan mencatat pencapaian yang memuaskan pada tahun kewangan 1999. TAKZIAH Saya dan ahli-ahli Lembaga Pengarah yang lain ingin mengucapkan takziah kepada ahli keluarga dua rakan sejawat kami, mendiang Encik Tan Kim Poh yang meninggal dunia pada 18 Januari 1998 dan Allahyarham Dato’ Wan Adli bin Dato’ Wan Ibrahim yang kembali ke Rahmatullah pada 26 April 1998. Saya ingin mengucapkan terima kasih dan merakamkan setinggi-tinggi penghargaan kepada mereka kerana perkhidmatan mereka semasa memegang jawatan masingmasing. PENGHARGAAN Bagi pihak ahli-ahli Lembaga Pengarah, saya ingin mengucapkan terima kasih kepada pihak pengurusan dan kakitangan Kumpulan kerana kegigihan dan kepercayaan mereka terhadap kami sepanjang tahun yang sukar ini. Kami juga ingin mengucapkan terima kasih kepada semua pemegang saham, rakan niaga, pembiaya kewangan, pihak berkuasa, para pelanggan dan juga pembekal kerana sokongan mereka yang berterusan. TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN Pengerusi/Ketua Pegawai Eksekutif 23 Oktober 1998
Page 1 and 2: Strength In Diversity BERJAYA GROUP
Page 3 and 4: The corporate logo comprises the wo
Page 5 and 6: TAN SRI DATO’ TAN KOK PING EXECUT
Page 7 and 8: 5 Corporate Profile The Berjaya Gro
Page 9 and 10: VACATION TIME-SHARE, HOTELS, RESORT
Page 11 and 12: 9 Financial Highlights RM million T
Page 13 and 14: BEFORE CHANGE IN SHAREHOLDING * 199
Page 15 and 16: 13 Group Addresses BERJAYA MAHE BEA
Page 17 and 18: 15 Group Addresses RESTAURANTS ROAD
Page 19 and 20: 17 Penyata Pengerusi Kegawatan ekon
Page 21: 19 Penyata Pengerusi Pada bulan Jun
Page 25 and 26: 23 Tinjauan Operasi Ketua Pegawai E
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71 D I R E C T O R S ’ R E P O R
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73 S T A T E M E N T B Y D I R E C
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75 B A L A N C E S H E E T S AT 30
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77 C O N S O L I D A T E D C A S H
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79 N O T E S T O T H E A C C O U N
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127 L I S T O F P R O P E R T I E S
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147 N O T I C E O F A N N U A L G E
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149 L O C A T I O N M A P Bukit Jal
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151 F O R M O F P R O X Y BERJAYA G
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BERJAYA GROUP BERHAD - Berjaya Corporation Berhad

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