OTHERS TH PLANTATIONS BERHAD'S HEADLINE KEY PERFORMANCE INDICATORS - ACHIEVEMENT FOR FINANCIAL YEAR ENDED 31 DECEMBER 2011 AND TARGET FOR FINANCIAL YEAR ENDING 31 DECEMBER 2012
TH PLANTATIONS BERHAD |
Type | Announcement | ||||||||||||||||||||||||||||
Subject | OTHERS | ||||||||||||||||||||||||||||
Description | TH PLANTATIONS BERHAD'S HEADLINE KEY PERFORMANCE INDICATORS - ACHIEVEMENT FOR FINANCIAL YEAR ENDED 31 DECEMBER 2011 AND TARGET FOR FINANCIAL YEAR ENDING 31 DECEMBER 2012 | ||||||||||||||||||||||||||||
TH Plantations Berhad ("THP" or "the Company") wishes to announce its performance for financial year ended 31 December 2011 against targets and its Headline Key Performance Indicators ("KPIs") for financial year ending 31 December 2012. These headline KPIs have been set and agreed by the Board of Directors of THP, as part of the broader KPI framework that THP has in place, as prescribed under the Government-Linked Companies Transformation Programme, and is disclosed on a voluntary basis. The headline KPIs represent the main corporate targets of THP for the year 2012 and in this respect, please note the following:- These headline KPIs are targets or aspirations set by the Company as a transparent performance management practice. These headlines shall not construed as either forecasts, projections or estimates of the Company or representations of any future performance, occurance or matter as the headlines are merely a set of targets / aspirations of future performance aligned to the Company's strategy. Performance of FY2011 Headline KPIs
FY2012 Headline KPIs
Medium Term Headline KPIs (FY2010-FY2012) THP is targeted to surpass its medium term KPI of expanding our land bank to 50,000 ha by 2012 at strategic locations to complement our growth strategy, one year ahead of our target time. We have entered into Conditional Sale & Purchase Agreements to materialize this target and it would then increase our land bank by 19,782 ha to 59,153 ha. Commentary of Headline KPIs 1. Our concerted focus on the agenda of Sustainable Plantation Operation are built on two principles of Good Agriculture & Miling Practices and effective cost management. In achieving these goals, we have reshaped and reenergized the Performance Improvement Program, the driver responsive in enhancing our operational productivity and efficiency thus translating into sustainable results. 2. It is the policy of our Directors in recommending dividends to allow shareholders to participate in the profits of our Group as well as retaining adequate reserves for the future growth of our Group. THP will take into consideration among others the Group's level of cash, gearing, return on equity, retained earnings, projected levels of capital expenditure, investment plans and its financial position in recommending and determining the level of dividend payments if any, in any particular financial year or period. |
Announcement Info
Company Name | TH PLANTATIONS BERHAD |
Stock Name | THPLANT |
Date Announced | 13 Mar 2012 |
Category | General Announcement |
Reference No | TP-120309-41090 |