AWARD.... Sabah Chief Minister and Chairman of Sawit Kinabalu Group, Datuk Seri Panglima Musa Aman presenting the Best Improved Complex award to Abdul Tee (second right), witnessed by Managing Director of Sawit Kinabalu Group,Othman Walat (second left).
By : REBECCA CHONG
SAWIT Kinabalu made a whopping profit of RM300 million last year. The Director of Sawit Kinabalu Management Team, Othman Walat disclosed this when he spoke at the company's annual dinner in Magellan Ballroom, Sutera Harbour Resort recently.
He said that he was very happy with the accomplishment in 2011, and he thanked, among others, Chief Minister, Datuk Seri Panglima Musa Aman for his leadersip which he said had inspired his company to strive hard to achieve good results.
Chief Minister Datuk Seri Panglima Musa Aman congratulated Sawit Kinabalu on th company's achievement.
“I compliment Sawit Kinabalu for their efficient and honest management, and I hope that Sawit Kinabalu will continue to contribute to Sabah's development efforts,” Musa added.
Othman said as one of the Government-linked Companies (GLC),Sawit Kinabalu, will continue to play a key role as an investment arm of the state government and an implementing agency for some of the government's socio-economic projects such as the PPRT farm in Tongod and Kalabakan.
As an investment arm the company is involved in the Sabah Development Corridor (SDC) projects that are being developed including the Sandakan Palm Oil Industrial Cluster (POIC) and the Keningau Integrated Livestock Centre.
Commenting on the drop of the palm oil commodity prices, Othman said this was one of the challenges facing the palm oil industry, but he expressed optimism that Sawit Kinabalu would ride out the effects of the short-term business cycle and would continue to grow.
The Sawit Kinabalu Annual Dinner was also an occasion for awards presentation. The awards comprised the company's 2011 Best Improved Complex Award, the 2011 Excellent Factory Management Award, the 2011 Excellent Plantation Management Award and 5 long service (25 years) awards.
Abdul Tee, the manager of Ladang Sandau, Lahad Datu who received the 2011 Best Improved Complex Award said that his estate won the award not only because of the excellent quality of their palm oil extraction, but also on account of the steady and systematic replanting progrmme. (Insight Sabah)