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Profit Analysis and Feasibility Study of Seabass Culture in Pulau Kundur,<br />

Kelantan<br />

Wan Nur Umizah binti Aluwi<br />

Supervisor: Dr. Afian Zein<br />

Bachelor of Applied Science (Fisheries)<br />

School of Fisheries and Aquaculture Science<br />

The objectives of this study were to identify and analysed the profit and feasibility<br />

study of seabass culture activities in Pulau Kundur, Kelantan. A case study of seabass<br />

(Lates calcarifer) framing was conducted in Cluster Mohd Zain Laguna Pantai Kundur,<br />

Kelantan between January to April 2018 by using interviewing method. Analysis data<br />

has been used to calculate the financial were Net Present Value, Gross B/C, Internal<br />

Rate of Return, and Payback Period. Results were shown that positive net present<br />

value which is RM 2712292 for 10 years. Gross B/C is 2.30. The internal rate of return<br />

is 0.4347 or 43.47% showing that the company will able to offset the interest being<br />

charged on the loan. The project can be repaid over 2.19 year. Therefore, this seabass<br />

culture project was economically feasible (GO) and can be run for other individuals.<br />

654 | UMT UNDERGRADUATE RESEARCH DAY 2018

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