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Annual Report 2017
37
MANUFACTURING
DIVISION
During the year under review, the testing
economic climate and heightened
strategic moves by competitors had
exerted pressures within the Division’s
traditional and niche market segments.
The Division has also experienced
rapidly evolving customer expectations,
innovative digital technologies and new
service models, which are changing end-
to-end processes.
The Division expects that challenges in
our existing markets will remain and the
expiry of the aforesaid supply contract
will have an impact on the Division’s
performance in this current year. On the
same token, the past year’s results and
events reflect the attractive nature of the
markets in which we operate, but it also
indicates that we need to take a long
hard look at our portfolio. The overall
market opportunity is reflected by the
exponential demand for technology-
driven ID and security solutions both
233.35
266.68
59.61
54.01
manufacturing division
performance (Y-O-Y)
revenue contribution by products
(rm ’million)
Revenue
Revenue
FYE2017
PBT
PBT
FYE2016
35.4%
54.3%
3.7%
0.6%
3.4%
2.6%
locally and overseas thus creating
significant potential for the Group. To
seize these opportunities, the Division is
now focused on adapting our businesses
to ensure that we keep pace with the
dynamic and accelerating market trends,
and offset the decline in our traditional
security printing segment. For the
next few years, we have identified the
following key priorities, namely:
• adapting the Division to being a
multi-faceted entity;
• transforming our business model
while simultaneously building the
capabilities needed for the future;
and
• expanding our presence into
adjacent geographies in particular
product segments with our strategic
partners.
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