Sapura Industrial Berhad Business Report FY ended Jan. 2018
Financial Overview |
(in million MYR) |
| FY ended Jan. 31, 2018 | FY ended Jan. 31, 2017 | Rate of Change (%) |
Factors | |
| Net Sales | 211.7 | 223.2 | (5.2) | 1) |
| Operating Profit | 5.3 | 10.0 | (47.0) | - |
Factors
1) Net Sales
-The Company’s sales in the fiscal year ended January 31, 2018 decreased by 5.2% to MYR 211.7 million. The decrease in sales was due to a 0.6% decrease in new vehicle sales in Malaysia.
Contracts
-During the fiscal year ended January 31, 2018, the Company supplied components for a number of new vehicle models launched during that time, including the Perodua Myvi, Honda CR-V and Mazda CX-5.
Awards
-In the fiscal year ended January 31, 2018, the Company received the 2017 Proton Suppliers Award.
R&D Facilities
-The Company has a research and development facility located in Bandar Baru Bangi, Selangor, Malaysia.
R&D Activities
-In the fiscal year ended January 31, 2018, the Company’s research and development division developed 61 new parts. Its Hot & Cold Forming division is also developing hollow stabilizer bars, which is a more cost-effective and energy-effective component for an automotive suspension system.
Technological Alliance
|
(As of Jan. 31, 2018) |
| Company | Location | Product/Technology |
| ADVICS | Japan | Brake systems |
| Marubeni Automotive Corporation | Japan | Knuckles and brake drums |
| Erae Automotive Systems | Korea | Brake systems |
| World Industries Ace | Korea | CV joints and front axles |
| ACT | Korea | Design and testing house |
| GKN Sinter Metals | Germany | Sintered forging |
| Ina Bearing | Germany | Roller bearing |
| Mahle | Germany | Forged cracking |
-The Company is collaborating with the Universiti Malaysia Pahang (UMP) to research the feasibility of commercially producing components for hybrid and electric vehicles.
Capital Expenditure |
(in million MYR) |
| FY ended Jan. 31, 2018 | FY ended Jan. 31, 2017 | FY ended Jan. 31, 2016 | |
| Overall | 19.5 | 8.3 | 12.4 |
-The Company’s capital expenditure in the fiscal year ending January 31, 2018 was primarily in preparation for orders from Perodua, Proton, Honda and Mazda.