For the 08/09 financial year, the business of the Group remained resilient and a 9th consecutive year of record operating profit was achieved in spite of the weak economic environment which was exacerbated by a global recession. The Group prevailed and consolidated its position to register modest growth in group revenue. This was achieved by leveraging on its strong brand equity and market presence built on an extensive and unparalleled distribution network.
As testament to the heritage and rock solid strength and resilience of F&N’s business, revenue increased two per cent from the last financial year to RM3.73 billion while operating profit rose 22 per cent to RM313.9 million. Profit after taxation surged 35 per cent to RM243 million on the back of the strong performance of the soft drinks and dairies divisions which jointly chalked up an impressive 31 per cent growth.
Soft drinks sales grew by 10.5 per cent boosted by stronger volume demand. For the dairies division, margins improved as it successfully defended selling prices in the premium market and shifted its product mix to take advantage of new opportunities arising from the lower input cost.
Moving forward, the economies of Malaysia and Thailand are projected to return to positive growth next year and should translate into stronger consumer spending for F&N products despite the volatile prices of raw materials and the trending upwards which could erode margins.
Board of Directors
NON-EXECUTIVE DIRECTORS
Y.A.M. Tengku Syarif Bendahara Perlis Syed Badarudin Jamalullail Ibni Almarhum
Tuanku Syed Putra Jamalullail
Chairman & Independent Director
Chairman of the Nominating Committee
Chairman of the Remuneration Committee
Member of the Audit Committee
Y.Bhg. Tan Sri Dato’ Dr Lin See Yan
Independent Director
Chairman of the Audit Committee
Member of the Nominating Committee
Mr Koh Poh Tiong
Member of the Nominating Committee
Member of the Remuneration Committee
Mr Anthony Cheong Fook Seng
Member of the Audit Committee
Mr Lee Kong Yip
Member of the Remuneration Committee
Mr Leslie Oswin Struys
Senior Independent Director
Member of the Audit Committee
Member of the Nominating Committee
Member of the Remuneration Committee
Y.Bhg. Dato’ Dr Mohd Shahar bin Sidek
Y.Bhg. Dato’ Anwarrudin bin Ahamad Osman
Member of the Audit Committee
Y.Bhg. Dato’ Dr Nik Norzrul Thani bin Nik Hassan Thani
Mr Huang Hong Peng
(Appointed on 1 March 2009)
Mr Wang Eng Chin (Alternate to Mr Anthony Cheong Fook Seng)
Mr Joseph Tan Eng Guan, ACCA, MBA
Chief Financial Officer
Mr Jeffrey Bok, B. Sc (Hons.)
Group Human Resource Manager
Ms Gan Mee Ling, LBB Hons (Malaya)
Group Company Secretarial Manager
Mr Ong Kok Choon, MA (UK), FCMA (UK), CIA (USA)
Group Internal Audit Manager
Mr Loong Wei Hin, B.Econs (Hons.) Harvard B. School (1991)
Senior Manager, Business Development, Export
Ms Tiah Oon Su, B. Econs (Accounting), LLB Monash University Australia
Head, Group Legal
Business Unit Senior Management
SOFT DRINKS:
Mr James Teo Hong Beng, B.A.Sc., MBA
Managing Director
DAIRY PRODUCTS:
Mr Tony Lee Cheow Fui, B.Com, CA (Aust.)
Chief Operating Officer
Mr Somsak Chayapong, BSc (Chula), PED (IMD Business School, Lausanne)
Country Head - Thailand & Indochina
GLASS CONTAINERS:
Mr Mogan Muniandy, B.Soc.Sc (Mgmt), MBA, MCIPS
General Manager
PROPERTY:
Mr Cheah Hong Chong, BSc (Hons), M.Phil (Cantab), MBA MIEM, P.E.
General Manager
Registered Address
Level 8, F&N Point
No.3 Jalan Metro Pudu 1,
Fraser Business Park
Off Jalan Yew, 55100 Kuala Lumpur
Tel: 03-92352288 Fax: 03-92227878
E-mail: cosec@fn.com.my
Share Registrar and Transfer Office
Tricor Investor Services Sdn Bhd
Level 17, The Gardens North Tower
Mid Valley City
Lingkaran Syed Putra
59200 Kuala Lumpur
Tel: 03-22643883 Fax: 03-22821886
Auditors
Ernst & Young, Kuala Lumpur
Principal Bankers
OCBC Bank (Malaysia) Berhad
Deutsche Bank (Malaysia) Berhad
Citibank Berhad
Stock Exchange Listing
Bursa Malaysia: Main Board
Name & Code: F&N and 3689
Stock Sector: Consumer Products
