Professional Documents
Culture Documents
1. PROFILE
IOI Group's formation years were associated with real estate when it forayed
into property development in 1982 followed by Oil Palm plantations in 1985 2.
IOI Group was a very different organization then. At that time, IOI Plantation
Division had a planted area of only about 50,000 hectares whereas a few of the
largest players in the industry had planted areas ranging from 100,000 hectares
to about 130,000 hectares. IOI estates’ average CPO yield per hectare was
3.88 tonnes. In terms of profit before tax (PBIT) – IOI Properties was having a
PBT of about RM120 million whereas IOI corporation was having a PBT of
about RM260 million.3
IOI has classified its business under five major segments, namely Property
Development, Property Investment, Plantation, Resource-based manufacturing
and Other operations. The property development segment is mainly engaged in
the development of residential, industrial, and commercial properties. The
plantation segment is engaged in cultivation of oil palm and rubber, and
processing of palm oil. Property development segment is engaged in the
development of residential and commercial properties. Property investment
segment is engaged in investment in shopping mall, office complex and other
properties. Resource-based manufacturing segment is engaged in
manufacturing of chemicals, specialty oils and fats, palm oil refinery, and palm
kernel crushing. The other operations segment is engaged in management and
operation of hotels and resorts, landscape services and other operations of
hotels, and resorts landscape services and other operations. On August 20,
2008, it acquired Laksana Kemas Sdn Bhd. On February 11, 2009, the
Company acquired Zonec Plus Sdn Bhd. As of June 30, 2009, the Company
held 99.7% interest in IOI Properties Berhad.
1
Retrieved from http://www.corporateinformation.com/ioi-corporation
2
Retrieved from http://www.ioigroup.com/corporationinfo/corp_abotus.cfm
3
Retrieved from http://www.ioigroup.comnewsroom/beritaIOIpdfversion/Issue34.pdf
2. Vision & Mission Statement
Vision IOI
Mission Statement
“To be a leading producer and supplier of quality oleo chemical and related products by
consistently satisfying our customers’ needs through continual improvement and
sustaining long-term growth in line with VISION IOI.”
3. THE LISTS OF DIRECTORS IOI CORPORATION BERHAD
4. GROUP STRUCTURE
- IOI Group comprises of hundreds of companies helmed by IOI Corporation Bhd
- a public listed company on the Malaysian Stock Exchange - with business
activities under three key segments.4
Dividend
- The board has on 10 February 2010 declared an interim single tier
dividend of 70% or 7.0 sen per ordinary share of RM0.10 each in respect
of the financial year ending 30 June 2010. The dividend was paid on 25
March 2010.
- No Dividend has been proposed for this quarter (31 March 2009: interim
single tier dividend of 30% or 3.0 sen)
- The total dividend declared to date for the current financial year is
single tier dividend of 7.0 sen (31 March 2009: 6.0 sen) per ordinary share
of Rm0.10 each.
- The plantation segment’s profit of RM282.0 million for Q3 FY2010 is in line with
Q3 FY2009. The slightly lower FFB production for the current quarter was
cushioned by higher average CPO prices realised. Average CPO prices
realised for Q3 FY2010 was RM2, 480/MT compared to RM2, 274/MT for Q3
FY2009.
- The Group reported a pre-tax profit of RM1.93 billion for Q3 YTD FY2010,
which is 106% higher than the profit reported for Q3 YTD FY2009. The higher
profit is due mainly to higher profit contributions from the property and
manufacturing segments and unrealised translation gain on USD denominated
borrowings.
- In the opinion of the Directors, the results for the financial period under review
have not been affected by any transaction or event of a material or unusual
nature which may have arisen between 31 March 2010 and the date of this
announcement.
Performance of Company For the 4th quarter 2010
- The Board now declares a second interim single tier dividend of 100% or 10.0
sen per ordinary share of RM0.10 each in respect of the financial year ended 30
June 2010 which is not taxable in the hands of the shareholders pursuant to
paragraph 12B of Schedule 6 of the Income Tax Act 1967.
a) Shares transferred into the Depositor’s Securities Account before 4.00 p.m.
on 27 September 2010 in respect of transfers; and
b) Shares deposited into the Depositor’s Securities Account before 12.30 p.m.
on 23 September 2010 (in respect of shares which are exempted from
mandatory deposit); and
The total dividend declared to date for the current financial year is a single tier
dividend of 17.0 sen (30 June 2009: 8.0 sen) per ordinary share of RM0.10
each.
- The Group reported a pre-tax profit of RM2.55 billion for FY2010, which is 65%
higher than the profit of RM1.55 billion reported for FY2009. The higher profit is
due mainly to unrealised translation gain on long term USD denominated
borrowings of RM395.8 million (FY2009 - unrealised loss of RM315.3 million)
and no further impairment loss at the jointly controlled property entity in
Singapore during FY2010 (FY2009 - loss of RM258.6 million).
- The property segment’s operating profit of RM602.9 million for FY2010 is 29%
higher than the RM467.0 million recorded for FY2009. The higher profit reported
is contributed mainly by an overall increase in sales despite a lower fair value
gain on investment properties reported of RM21.0 million (FY2009 - RM110.8
million).
- In the opinion of the Directors, the results for the financial period under review
have not been affected by any transaction or event of a material or unusual
nature which may have arisen between 30 June 2010 and the date of this
announcement.
THE MOVEMENTS OF STOCK PRICES AND VOLUME FOR IOI
CORPORATION