Released by : Corporate Communication, 28 June 2005
The TDM Group of companies are proud to announce that the financial year 2004 has shown improvement from 2003.
The year’s operation has shown early signs of major improvements when the Company recorded RM 15.1million of profit compared to RM 14.9million in 2003 despite bigger investment being made in replanting and upkeep in the plantation sector.
Changes have also been made in the overall company structure and management policies to ensure more productivity and efficiency.
With this Rationalization Exercise, The Chairman, Y.B. Wan Hisham bin Dato’ Wan Salleh, believed that the company is able to make better use of its assets and talent to ensure better returns to the shareholders.
2004 has also seen the Company streamlining its businesses and refocusing its effort in the palm oil sector. Business units which have not shown attractive potential were divested. The productivity has improved substantially and the Company will continue its effort in increasing efficiency and reducing operation cost to propel TDM amongst the best in the industry.
2005 brings on new challenge and the Company is expected to improve further. The first quarter of the year has already witnessed major improvements if compared to last year.
The company foresee its growth not only to come from the improvement of yield and productivity from its current land, but also from its lateral expansion program.