Directors - Boustead Holdings Berhad

In its drive to improve its position in the retail petroleum sector,
BHPetrol invested RM50 million in 2006 for the acquisition and
construction of new service stations in high growth areas as well as
along expressways. By the end of 2006, nine new service stations were
added to the retail network.
Boustead Global Trade Network Sdn Bhd recorded an improved
performance in 2006 with sales volume growth of 7% over the previous
year. Its primary agency, Sara Lee, continues to register healthy growth
in trading income. Meanwhile, a 200% increase in commission income
from the insurance division contributed to its positive overall earnings.
It was a lacklustre year for Riche Monde Sdn Bhd, made more
challenging with the mounting cost of goods, exchange rate
fluctuations and high tax duties. The direct impact of these factors
resulted in the reduction in profit contribution.
Boustead Engineering Sdn Bhd had another good year with
strengthened earnings from the project department as a result of the
completion of the baggage handling system at the new Low Cost
Carrier Terminal in Sepang. The chemicals department performed well
in terms of profit and sales.
The tough market environment that Kao Malaysia Sdn Bhd operates
in resulted in loss of market share. With a knock on effect of shrinking
margins and a reduced turnover, it suffered a loss for the year.
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