QL

It is a leading resource based agriculture company with three main business segments in marine product manufacturing, palm oil and integrated livestock farming.

The group draws from its background in deep sea fishing and is now the largest producer in Asia of surmi based (fish meal) products, and fish and poultry feed. However the group’s largest source of revenue and profit is now ILF business, which generated almost 60% of revenue and more than half of its profit for FY2012.

Through its poultry operations under the ILF arm, the group supplies roughly 15% of the eggs consumed in Malaysia .

The group has taken a more regional focus, and one of its strengths is its ability to replicate its core businesses regionally.

It is expanding its MPM capacity with a plant in Surabaya , Indonesia , that will see it double its surmi capacity to 10000 tones per year by Sept 2013 and fishmeal to 10000 tones per year by March 2013.

It is also expanding its ILF business in Indonesia .

It has set aside rm200 million annual capex from 2013 to 2014 with 60% borrowed and the rest from internally generated funds. The group’s capex will go towards palm oil activities which contributed 8.5% to operating profit in Fy2012.

Most of the capex on palm oil activities will go into planting 2000ha to 25000ha per year of the group’s total 15000ha of plantation land in Indonesia for next few years from 2012. The group has 3000ha of matured oil palm plantaiton land in Sabah .

Palm oil related assets currently make up slightly over 22% of the group’s total assets