KTC expects strong double-digit revenue growth in FY17

KUALA LUMPUR: Sabah-based consumer packaged goods distributor Kim Teck Cheong Consolidated Bhd (KTC) said it expects a strong double-digit revenue growth for the financial year ending June 30, 2017 (FY17), with its newly secured distribution contracts from SCGM Bhd (SCGM), Anakku Sdn Bhd (Anakku), Marigold and Procter & Gamble (Malaysia) Sdn Bhd (P&G).
"After the IPO (initial public offering), we have successfully built up our infrastructure. To date, we have 7,087 distribution points, where we have penetrated into 84 districts in East Malaysia, with 21 distribution centres," its executive director Dexter Lau told reporters after its 2nd AGM here today.
"We are also in talks with a number of brand owners for the possible business avenues and to ensure that we continue to build our brand portfolio," he added.
For FY16, the group recorded a net profit of RM1.9 million, with a revenue of RM341.16 million.Type a message