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SUSTAINABILITY EFFECTIVE CORPORATE FINANCIAL ADDITIONAL DETAILS OF THE ANNUAL
REPORT LEADERSHIP GOVERNANCE STATEMENTS INFORMATION GENERAL MEETING

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Through it all, MSM’s management devoted time in planning on aggressive export sales of refined sugar, liquid sugar and MSM MALAYSIA HOLDINGS BERHAD Annual Report 2020
the Group’s next strategic blueprint that was approved by fine syrup to regional countries. This, on top of the existing
the Board on 14 December 2020. Titled BP21, this blueprint domestic performance, would translate into higher revenue
lays down corporate targets and goals for 2021 to 2025 and and profit for the Group and ultimately better returns to
centres around continued optimisation of assets potential; shareholders.
strengthening domestic market share while expanding
abroad, and improving MSM’s capital structure and gearing. MSM’s Group Sustainability Policy also continues to facilitate
the achievement of MSM Group’s commitment to conduct
business responsibly through the integration of Economic,
COMMITMENT TO STAKEHOLDERS Environmental, and Social (EES) considerations throughout
our business process. Despite the COVID-19 pandemic,
For FY2020, we have posted a total revenue of
RM2.18 billion from 1.06 million tonnes of sales volume, MSM maintained its production momentum and secured
generating a Loss After Tax (LAT) of RM71.23 million. sufficient supply of sugar to the nation. The Group also
Upon adjusting back impairments, we recorded an maintained its zakat contribution of more than RM1 million
operational profit of RM6.29 million for the same period. during the year and continued to fulfil our community
Due to the LAT performance, MSM’s Board has not obligations.
declared any dividends for 2020. During the year, MSM has also ensured continual training
and development even amidst the pandemic by introducing
Our main priority in improving returns for our shareholders
is to continue pursuing opportunities that will improve the e-Learning modules as a new channel for transmitting and
utilisation of MSM Johor. To this end we have completed sharing knowledge with our employees, and another avenue
the establishment of MSM’s liquid sugar and fine syrup in training. A continual learning series was initiated in 2020
facility in readiness to penetrate new markets. By unlocking whereby several phases of trainings are conducted in
further operational capabilities, MSM will be able to grow building the capabilities of our employees.