NCB (Malaysia) targets 8pc revenue growth
NCB Holdings Bhd, which operates Northport in Port Klang, aims to achieve its key performance index (KPI) target of 8 per cent revenue growth for the financial year ending December 31, 2007.
Chairman Tan Sri Ahmad Sarji Abdul Hamid said the company recorded a revenue of RM834 million last year.
“Higher container traffic growth and profit from the warehouse and logistics are expected to be main contributors to the revenue,” he told reporters after the company’s annual general meeting in Petaling Jaya today.
He said under the KPI, NCB also targeted to increase net profit by 1.3 per cent, throughput volume, 5 per cent, return on equity, 7 per cent and earnings per share, 25 per cent.
“In the formulation of KPI, companies take into consideration a number of factors. We have taken into consideration our capacity to handle the business and the variable factors like economic fundamentals and world economy.
“We hope to achieve the targets given the favourable factors. We expect this year will be another profitable year,” he said.
The total volume handled through Port Klang last year grew by 14.1 per cent to 6.326 million TEUs (twenty-foot equivalent units) compared with 5.544 million TEUs in 2005.
Northport throughput volume rose 1.1 per cent to 2.661 milion TEUs from 2.532 million TEUs in the previous year.
Transhipment volume handled during the year fell 3,738 TEUs to 958,245TEUs from 961,983 TEUs in 2005.
The transhipment volume made up 36 per cent of total container throughput handled by Northport in 2006, indicating a marginal decrease of 0.5 per cent compared with the previous year’s 36.5 per cent.
Chairman Tan Sri Ahmad Sarji Abdul Hamid said the company recorded a revenue of RM834 million last year.
“Higher container traffic growth and profit from the warehouse and logistics are expected to be main contributors to the revenue,” he told reporters after the company’s annual general meeting in Petaling Jaya today.
He said under the KPI, NCB also targeted to increase net profit by 1.3 per cent, throughput volume, 5 per cent, return on equity, 7 per cent and earnings per share, 25 per cent.
“In the formulation of KPI, companies take into consideration a number of factors. We have taken into consideration our capacity to handle the business and the variable factors like economic fundamentals and world economy.
“We hope to achieve the targets given the favourable factors. We expect this year will be another profitable year,” he said.
The total volume handled through Port Klang last year grew by 14.1 per cent to 6.326 million TEUs (twenty-foot equivalent units) compared with 5.544 million TEUs in 2005.
Northport throughput volume rose 1.1 per cent to 2.661 milion TEUs from 2.532 million TEUs in the previous year.
Transhipment volume handled during the year fell 3,738 TEUs to 958,245TEUs from 961,983 TEUs in 2005.
The transhipment volume made up 36 per cent of total container throughput handled by Northport in 2006, indicating a marginal decrease of 0.5 per cent compared with the previous year’s 36.5 per cent.
