ABOUT
CORPORATE INFORMATION
Board of Directors
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Chairman/Non-Independent Non-Executive Director MR. MOHD SAFARI BIN SALIM
Vice Chairman/Non-Independent Non-Executive Director MR. MOHD SAFARI BIN SALIM
Executive Director AL HAFIRIZAN
Chief Executive Officer AL HAFIRIZAN
Non-Independent Non-Executive Director PUAN SRI HAMIZA JANTAN
Independent Director DATUK MOHD DAUD HANIF @ DATUK DAVID @ MADROSS
Independent Director DATUK MOHD DAUD HANIF @ DATUK DAVID @ MADROSS
BOARD OF DIRECTORS
MOHD SAFARI BIN SALIM
CEO / DIRECTOR PEMBINAAN AGRO RESOURCES SDN BHD
AL HAFIRIZAN
CEO / DIRECTOR PEMBINAAN AGRO RESOURCES SDN BHD
With the challenging operating environment, the Group revenue for 2015 had contracted by 23% to RM184 million as both selling price and volume have reduced as compared to 2014. Crude Palm Oil (“CPO”) price retreated to RM2,056 per tonne as compared to 2014 of RM2,256 per tonne while sales volume had reduced by 16% as compared to that recorded in 2014. For Palm Kernel (“PK”), both its selling price and volume have shrank by 8% and 12% respectively. With weak commodity price coupled with rising operating costs, the Group recorded loss before tax of RM74 million in 2015 as compared to profit before tax of
As at 31 December 2015, the Group’s oil palm planted area stood at 57,217 hectares representing 62% of the Group’s total land bank of 92,312 hectares. An area of 416 hectares with aged palms which have reached its maximum economic life span had been felled in 2015 for replanting purpose.
Production of fresh fruit bunch (“FFB”) for the year under review had dropped by 9.1% to 396,530 metric tonnes as compared to the previous year of 436,169 metric tonnes.
Shortage of harvesting workers, inclement weather condition, coupled with replanting of the aging palms, have led to lower volume of crop production. However, the Group will endeavour to improve the field condition for a better FFB yield per hectare in the next financial year.
DATUK MOHD DAUD HANIF @ DATUK DAVID YAP
DIRECTOR
DATUK MOHD DAUD HANIF @ DATUK DAVID YAP was appointed to the Board of Rimbunan Sawit Berhad ("RSB") on 14 February 2006 and was subsequently appointed as Executive Chairman on 15 February 2006. He was redesignated as Executive Director on 19 December 2012. DATUK MOHD DAUD HANIF @ DATUK DAVID YAP is a businessman with vast and extensive experience in various business sectors including media and publishing, oil and gas, mining, fishery, manufacturing, information technology, timber, tree plantation, oil palm plantation and mills.
Over the years, DATUK MOHD DAUD HANIF @ DATUK DAVID YAP has started and built up the Rimbunan Hijau Group of Companies ("RH Group"). Currently, he is the Executive Chairman and Managing Director of RH Group, a large diversified conglomerate which has interests in various businesses in Malaysia comprising of timber harvesting, processing and manufacturing of timber products, plantations and other businesses around the world.
He is the founder of an English newspaper named The National in Papua New Guinea. He is currently the President of The Chinese Language Press Institute Limited. In June 2009, he was bestowed the Knight Commander of the Most Excellent Order of the British Empire (K.B.E.), which carries the title "SIR", by Queen Elizabeth II of the United Kingdom, in recognition of his contribution to commerce, community and charitable organisations.
In 2010, he was awarded "Malaysia Business Leadership Award 2010 - The Lifetime Achievement Award" by the Kuala Lumpur Malay Chamber of Commerce, in recognition of his entrepreneurship and his contribution to the country. DATUK MOHD DAUD HANIF @ DATUK DAVID YAP is the Executive Chairman of Sin Chew Media Corporation Berhad ("Sin Chew"), a wholly-owned subsidiary of Media Chinese International Limited, a company listed in Malaysia and Hong Kong. He is also the Chairman of the Board of Trustee of Yayasan Sin Chew, and currently serves as the Executive Chairman of RH Petrogas Limited, a listed company in Singapore. He also serves as a director of other private limited companies.
During the financial year ended 31 December 2015, Tan Sri Datuk Sir Tiong attended five (5) out of six (6) Board meetings held. His shareholdings in RSB Group as at 30 March 2016 are disclosed on page 137 of this annual report.