Home  »  Financial Reports  »  Fitters Diversified Berhad
 

Fitters Diversified Berhad

 

FITTERS diversification strategy is beginning to bear fruits. Realising the need to explore new growth areas to enhance shareholders’ value, FITTERS has over the years moderately diversify into selected new ventures and identified green energy as the way forward for the company. Today, FITTERS is recognised as one of the renewable energy players in the region.

FITTERS, through its subsidiary FUTURE NRG Sdn Bhd is a technology integrator and developer of renewable and alternative waste-to-energy projects using advanced, proprietary technologies to produce renewable and altenative energy.

FUTURE NRG focuses on the following market segments :

 

• Sustainable GREEN MILL

• Empty fruit bunch processing into dry long fibres and biomass pellets

• Anaerobic digestion biogas capture of palm oil mill effluents produces renewable energy for running of all plants and the palm oil mill (energy self-sustaining palm oil mill)

• Biomass to renewable energy •Rural electrification, captive power and grid-connected plants

• Waste to Energy•Plasma gasification of industrial, medical and hazardous wastes

• Total solution for municipal solid wastes using plasma gasification or “plasma hybrid”

• High-solids anaerobic digestion biogas capture for food and green wastes


PROPERTY DEVELOPMENT

Transforming Setapak into a premier lifestyle destination

FITTERS, through its subsidiary ZetaPark Development Sdn Bhd is undertaking its maiden property development project on a prime commercial land in Setapak, beside a beautiful lake with panoramic views of the KL city skyline; sitting atop the vibrant Festival City Mall. SOHO and ZEN work suites are fully sold within months of soft launching. The LOFT Serviced Residences @ ZetaPark is open for sale now.

SPECIALIST THEMED WORKS

FITTERS, through its subsidiary Z’ODD Design Sdn Bhd offers the full range of design, art direction, manufacturing &installation of themed construction for facades, show sets, theme parks, rock work and water designs. Z’odd works with owners, design architects and contractors to deliver quality projects on time and on budget. Today, Z’odd is recognized by international theme park operators for its quality finishes and successful performance for some recent iconic projects in the region.

CONSTRUCTION & ENGINEERING

FITTERS has successfully handed over the 3-storey Festival City Mall, a vibrant focal point of shopping, recreational, leisure, entertainmet and dining place. Construction on the towers; atop the airspace is ongoing; to deliver to discerning purchasers their SOHOs, ZEN work suites and The LOFT Serviced Residences along with the largest eco-deck in KL.

FITTERS through its engineering arm, FITTERS Engineering Services Sdn Bhd has over 30 years of experience in the building & construction industry providing Mechanical & Electrical services. Services in Mechanical engineering includes fire protection installation, air conditioning & ventilation, gas supply, water supply & sanitary installation. Services in Electrical engineering includes electrical power, extra low voltage installation, uninterruptible power supply and power engineering solutions.

Contact Information

Wisma FITTERS, No. 1, Jalan Tembaga SD 5/2, Bandar Sri Damansara, 52200 Kuala Lumpur, Malaysia.
Tel:  +603 6276 7155   Fax: +603 6275 8692   Email: fdb@fittersgroup.com

 

Review of performance 31 March 2012

For the 3 months ended 31 March 2012, the revenue of the Group reduced by 13.6% to RM88.768 million from RM102.747 million and the profit before taxation reduced by 24.5% to RM5.989 mil from RM8.259 million in the preceding year.

The increased in revenue were due to increase in projects obtained for theming contract. The major contract awarded in Malaysia is the Kidzania Kuala Lumpur project at the Curve NX Building which contributed RM9.1mil and the Grotto Marine Life Park project in Singapore which contributed RM2.4 mil respectively to the revenue for the current quarter. However, the margin for both projects are lower compared to the other business in this segment, hence, a lower profit before tax as compared to previous year.

For the current quarter, the reduction in revenue were due to the completion of Festival Mall project in the third quarter of 2011. However, the profit before tax increased for the current quarter due to recognition of profit from KLCC Lot C project's variation order.

The reduction in both revenue and profit before tax were due to lower yield rate of oil extraction from the palm oil extraction business.

The reduction in revenue was due to the ceasation of business activities in the inactive subsidiaries. The profit before tax for the current quarter was derived from the share of profit amounted RM166K from two associated companies, KPISOFT International Pte Ltd and KPISOFT Malaysia Sdn Bhd which were acquired in April and September 2011 respectively.

Comparatives Results with the Preceding Quarter

The reduction in profit before taxation in comparison to the corresponding period in the preceding year was mainly due to (i) a special order obtained in FY2011 for the sales of safety apparel and fire equipment amount to RM4.0mil with a profit of RM1.2mil; (ii) completion of Festival Mall project in third quarter of 2011 which contributed a revenue of RM8.502mil and profit before tax of RM0.765 mil in the preceding year.


 

Disclaimer: All information provided here should be treated as for informational purposes only. Viewer are advised to conduct their own research and seek independent professional advice prior to taking any investment or investment related decisions. The website owner should not be held liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.

Home  |  Privacy Notice  |  Term of Use  |  Disclaimer  |

All Rights Reserved © 2012 - 2014