The 29th AGM Of Suria Capital Holdings Berhad

SuriaGroup delivered another year of positive results in 2011 when it posted higher revenue of RM276.01 million. It was an 8% increase, as compared to RM254.97 million generated in 2010. The growth was attributed mainly by the higher contribution by the Port operations segment through Sabah Ports Sdn. Bhd. Revenue growth, in particular, was spurred by the increased container throughput at Tawau Port and improved transshipment volume at Sapangar Bay Container Port.

As the core activity of the Group, Port Operations continued to drive earnings by contributing 78.6% of total revenue in 2011. This was followed by the logistics and bunkering services (14.5%) while the remaining was generated from contract and engineering, ferry terminal operations and investment holding. Its consolidated pre-tax profit stood slightly lower at RM74.35 million for year 2011 as against RM75.56 million a year earlier. After pre-tax profit was recorded at RM53.62 million in 2011 as compared to RM56.33 million the previous year.

08 May 2012