Founder & Executive Chairman’s Message Print E-mail

MichealNg_2013

On behalf of Globetronics Technology Bhd (GTB)’s Board of Directors, Management & Staff, it is indeed my honour and pleasure in delivering our Group’s Financial Year-2015 (FY2015) Annual Report to all of our beloved shareholders and stakeholders alike.

Year 2015 was indeed a year full of uncertainties and volatility in an already chaotic technology industry which experienced a surge of massive consolidation and acquisition exercises globally. It was through the epic passion and absolute dedication from our Group’s well motivated workforce that enabled our Group to close the year with another set of impressive wins in the relentlessly fast changing, technologically advanced business environment faced by the technology industry globally.

Without a shadow of a doubt, all the outstanding accomplishments achieved and accolades won by our Group through the past year(s) have been the singlehanded efforts from our Chief Executive Officer whose unmatchable leadership and outstanding business acumen in meticulously planning and seamlessly executing winning business strategies have been instrumental to our Group’s successes. Our Group have also been proactively and successfully reinventing, renewing and reengineering our organizational capabilities and resources to stay relevant and ahead of our competitors.

From the financial perspective, our Group’s profit-after-tax (PAT) for FY2015 was outstanding at RM71.3million with year end cash and cash equivalents at RM178million after incurring RM32million in capital-expenditures (CAPEX) and RM64.7million in dividend payments. GTB’s share price matched our business performance by surging around 45% to hit market capitalization of ≈RM1.8billion (versus RM1.2billion at year end of FY2014).

From the operations’ perspective, our top and middle management succession plan continued to gain solid traction with key positions being well backed up by capable leaders/managers at all levels within our Group, including our Group’s CEO/COO’s succession path. A myriad of hardware/software automation programs as well as energy-saving implementations were successfully initiated by our Group while a set of local equipment manufacturers had also benefitted tremendously through our Group’s selfless nurturing and harnessing efforts in the co-development and successful commercialization of their products to the technology industry in this region.

On the Corporate Governance front, our Group continued to achieve full compliances to various statutory requirements including the flawless implementation of GST-compliance On behalf of Globetronics Technology Bhd (GTB)’s Board of Directors, Management & Staff, it is indeed my honour and pleasure in delivering our Group’s Financial Year-2015 (FY2015) Annual Report to all of our beloved shareholders and stakeholders alike. Year 2015 was indeed a year full of uncertainties and volatility in an already chaotic technology industry which experienced a surge of massive consolidation and acquisition exercises globally. It was through the epic passion and absolute dedication from our Group’s well motivated workforce that enabled our Group to close the year with another set of impressive wins in the relentlessly fast changing, technologically advanced business environment faced by the technology industry globally. system since April 1st, 2015. Corporate Social Responsibility (CSR) initiatives also continued on with strong traction which further escalated Globetronics image and reputation as being the Role Model of our industry & the communities in which we operate in. Our CEO’s passion and epic contributions made to our industry, our communities, our governmental and quasigovernmental agencies as well as the investment communities won him a well-deserved recognition of being conferred the distinguished award of Dato’ship (DSPN) by the Governor of Penang! Congratulations and Thank You for everything, Dato’ HL Heng!

In closing, it is imperative for me on behalf of our Group to thank our most gracious and motivating Board of Directors, our employees, our stakeholders and our supporters alike for their unwavering guidance and encouragement all through the past year(s). Thank you all very much indeed.