Directors - Boustead Holdings Berhad

SERVICES
Boustead Shipping Agencies Sdn Bhd achieved an increase of 25%
in pre-tax profit over the previous year due to its higher forwarding and
warehousing businesses. Liner agency business also posted a modest
increase in revenue due to improved lifting volume to the Middle East
and the Indian Subcontinent ports.
Boustead Emasewa Sdn Bhd consistently defended its market share
in a highly competitive environment in the car rental sector. With Visit
Malaysia Year 2007, prospects are indeed positive.
Boustead Travels Services Sdn Bhd turned in one of its best
performances to date despite being in a highly intense competitive
sector. It achieved a remarkable 96% increase in pre-tax profit over last
year. Rising taxes and surcharge levied by airlines impacted air travel.
This was mitigated by the introduction of agency collection fees,
coupled with flown incentives received. In addition, revenue from travel
arrangements made in conjunction with regional sporting events
positively impacted our earnings.
Boustead Information Technology Sdn Bhd successfully rolled out
the home grown Plantation Information Management and Control
System in Malaysia. The application is currently undergoing a parallel
run in Indonesia and is slated to run live in early 2007. In addition, a
workgroup solution on the Linux platform was also developed to enable
online sharing of knowledge and files. These developments will
contribute to the Boustead Group’s capability to offer cutting edge
technologies for the plantation sector regionally.
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UK’s Deputy PM at the campus