OTHERS TH PLANTATIONS BERHAD'S HEADLINE KEY PERFORMANCE INDICATORS - ACHIEVEMENT FOR FINANCIAL YEAR ENDED 31 DECEMBER 2012 AND TARGET FOR FINANCIAL YEAR ENDING 31 DECEMBER 2013
TH PLANTATIONS BERHAD |
Type | Announcement | ||||||||||||||||||||||||||||
Subject | OTHERS | ||||||||||||||||||||||||||||
Description | TH PLANTATIONS BERHAD'S HEADLINE KEY PERFORMANCE INDICATORS - ACHIEVEMENT FOR FINANCIAL YEAR ENDED 31 DECEMBER 2012 AND TARGET FOR FINANCIAL YEAR ENDING 31 DECEMBER 2013 | ||||||||||||||||||||||||||||
TH Plantations Berhad ("THP" or Company") wishes to announce its performance for financial year ("FY") ended 31 December 2012 against targets and its headline Key Performance Indicators ("KPIs") for FY ending 31 December 2013. 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. These headline KPIs are targets or aspirations set by the Company as a transparent performance management practice. These headlines KPIs shall not be contrued as either forecasts, projections or estimates of the Company or representations of any future performance, occurence or matter as the headline KPIs are merely a set of targets or aspirations of future performance aligned to the Company's strategy. Performance of FY2012 Headline KPIs
Target Headline KPIs for FY2013
Medium Term Headline KPIs (FY2013 - FY2015) Driven to undertake new and strategic land bank expansions of an additional 30,000 ha to strengthen THP Group position as a medium size plantation company. Commentary of Headline KPIs As a mid-size plantation company, we are focused on consolidating our enlarged plantations by improving the efficiency and productivity to strategically position THP Group in staying relevant and competitive in the highly challenging market conditions. Moving forward, we are also focus on selective land bank expansions complementing the existing upstream protfolio to support our core plantation business. 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, working capital requirements, 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. This announcement is dated 22 April 2013. |
Announcement Info
Company Name | TH PLANTATIONS BERHAD |
Stock Name | THPLANT |
Date Announced | 22 Apr 2013 |
Category | General Announcement |
Reference No | TP-130422-32427 |