FORGING AHEAD - Tradewinds Plantation Berhad

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PERFORMANCE REVIEW
BuSINESS REvIEW
By CHIEF EXECuTIvE OFFICER
RIDING THE MOMENTUM
The Group stands at the threshold of a
new dynamism. Post the 2006 listing of
the Company, the major accomplishments
of the Group include:
• In financial year 2010, Group
revenue has almost tripled to
RM909.1 million from RM361.1
million registered in 2006.
• During the same period, profit
before tax rose to RM282.4
million, a 20-fold increase from
RM14.1 million previously.
• Earnings per share grew to 29.63
sen from 3.49 sen in 2006.
• The improvement in our financial
performance is also reflected in
the Company’s performance on
Bursa Malaysia, which has risen
from RM2.10 at year-end 2006 to
close at RM3.39 at year-end
2010.
TRADEWINDS PLANTATION BERHAD
Annual Report 2010
• Progressive increase in our
landbank to 141,465 hectares
through strategic acquisitions.
• From a single crop plantation in
2006, we have successfully
diversified into rubber as the
Group’s second plantation crop,
with 4,164 hectares now planted
with rubber.
• Registered steady improvements in
FFB yield, CPO production and
extraction rates.
All these demonstrate that we are a
Group that is built on performance,
achieving year-on-year improvements
on both the financial and operational
fronts. As we move forward, our
fundamentals are strong and this is best
reflected in the quality of our financial
position. Even after factoring in capital
expenditure incurred in recent strategic
acquisitions, we have ensured that our
gearing is kept at a very manageable
level. The Group also has enough cash
reser ves to finance any capital
expenditure investments in the near
future.
The results we have achieved so far
have propelled the Group into the ranks
of one of the key players in the
agriculture industry. It has also given
our people a new-found confidence and
they are now sharing their expertise in
areas where the Group has unique
knowledge and experience such as the
development of oil palm plantations on
peat, where TPB is one of the trailblazers.
This was demonstrated last
year when our staff presented papers at
international conferences. Highlighting
the Group’s experience in the “Best
Agro-management Practices in Land
Development”; “Rubber Cultivation:
Issues and Challenges; Economics of
Mechanisation – Estate Experiences”;
and “Development of Oil Palm on Peat:
A Socio-Economic Perspective”, - all
three papers were well received by the
international audience.