Stay abreast with the latest happenings in Cahya Mata Sarawak Berhad (CMS).

CMSB Record Profit – 1Q pre-tax profit up 44% to RM95.01 million

Kuching (Sarawak), Monday, 18 May 2015 – Cahya Mata Sarawak Berhad (CMSB – 2852), the State’s leading infrastructure facilitator, is pleased to announce that it has reported a strong performance for the first quarter ended 31 March 2015 (1Q15) (unaudited). The Group reported a total revenue of RM491.00 million for 1Q15, a 32% increase from the preceding year’s corresponding quarter’s (1Q14) revenue of RM373.24 million. The pre-tax profit (PBT) of RM95.01 million reported for 1Q15 was a 44% increase from 1Q14’s PBT of RM66.19 million.

Furthermore, its profit after tax and non-controlling interests (PATNCI) increased by 48% to RM57.42 million from RM38.90 million in 1Q14. Earnings per share stood at 5.52 sen versus 3.81 sen (adjusted for share split & bonus issue in June 2014) from the corresponding three-month period of last year.

The main contributors towards the strong PBT earnings for 1Q15 were the Construction Materials & Trading, Cement and Construction & Road Maintenance Divisions. The Construction Materials & Trading Division recorded a PBT of RM30.32 million in 1Q15, a 145% increase in comparison to 1Q14’s PBT of RM12.38 million. The Cement Division reported a PBT of RM29.37 million for 1Q15, exceeding 1Q15’s PBT of RM20.44 million by 44%. The Construction & Road Maintenance and Property Development Divisions also reported strong revenue and PBT to contribute towards the Group’s results for 1Q15.

Commenting on the results, Dato’ Richard Curtis, Group Managing Director of CMSB said: “This has been an important quarter for us in terms of taking advantage of strong local demand for our products and services so as to record better than expected results which is a credit to our

management team. Significant achievements have been recorded namely by the Construction Materials & Trading, Cement and Construction & Road Maintenance Divisions. With commendable performance recorded in 1Q15, we expect to leverage on this positive momentum and record a strong financial performance for the full year of 2015.”

“We believe that CMSB is still one of the best proxy listed investments for Sarawak’s accelerating economic growth. This is consistent with the State’s promotion of energy intensive industries under the Sarawak Corridor for Renewable Energy (SCORE) initiative and the infrastructure and related services required across the State. These two drivers are set to propel the State’s economy and CMSB to new heights.

CMSB’s 25% stake in the joint venture ferro silicon and manganese alloys smelter project with Australian listed OM Holdings Ltd, and 40% stake in an integrated Phosphate Products complex with Malaysian Phosphate Additives Sdn Bhd and Arif Enigma Sdn Bhd – plus other investments being evaluated – are poised to significantly drive up shareholder value. Our strong corporate governance measures, healthy balance sheet and professional management team allow us to maximise our participation in the Sarawak growth story and position ourselves to ensure long-term sustainable growth”, said Dato’ Curtis.

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Tunku Putra School Opens Tun Taib Hall

Kuching (Sarawak), Monday, 11 May 2015 – Since its establishment in 2010, Tunku Putra School has established itself as one of Sarawak’s leading Kindergarten to Secondary education providers. Tunku Putra School prides itself on its state-of-the-art facilities that enhance already diverse curricular and extra-curricular offerings, which are set to be even further enriched and developed when the new Tun Taib Hall opens its doors to host a plethora of sporting and other events.

Named in honour of His Excellency the Governor of Sarawak, Tun Pehin Sri Haji Abdul Taib bin Mahmud, this in-door sports hall include facilities for games like futsal, basketball, netball, handball and volleyball, as well as space for a drama and dance studio and for martial arts and the like.

The Tun Taib Hall built at a cost of over RM6 million strengthens the School’s capacity to provide students with more opportunities to develop their talents and skills, thus strengthening the School’s holistic approach to student learning by also incorporating a wide range of extra-curricular activities. It will also serve to increase the competitiveness of the School’s sports teams and individual athletes to achieve both personal success and recognition at inter-school, state and national level.

At the event was the Principal of Tunku Putra School, Ms Susan Holmes, who commented: “At Tunku Putra School educating the whole child and providing each student with the maximum opportunity to achieve his/her potential in all areas of academic, social, emotional, moral, spiritual and physical development is our key focus. We seek to continuously improve the all-round educational experience that we offer and we are proud to have this state of the art Tun Taib Hall to reinforce our position as one of Sarawak’s leading private schools. The joy and excitement on our students’ faces when they started using these impressive new facilities has already more than justified our decision to build this Hall.”

TPS offers full-day educational programmes from kindergarten up to secondary levels in both the Malaysian National syllabus and the Cambridge International syllabus. Visit www.tps.edu.my for further information.

 

 

Heading to the Top at the new cement grinding plant at Mambong

Kuching (Sarawak), Thursday, 7 May 2015 – Cahya Mata Sarawak Berhad (CMSB – 2852),  the State’s leading infrastructure facilitator, is pleased to announce that its Cement Division, Sarawak’s sole cement and clinker manufacturer is in the midst of achieving a major milestone with regards to the construction of its third cement grinding plant being built at a cost of RM190million at Mambong adjoining the Division’s clinker plant.

The 1 million-MT grinding plant will incorporate state-of-the-art European technology comprising of a Ball Mill (with rated capacity of 150 MT/hour), a high efficiency Separator, 2 units of 10,000MT concrete silos, 4-line bulk loaders and a 3,000 bag/hour packing and palletizing machine.

The Engineering, Procurement and Construction (EPC) contract for this plant was awarded to Christian Pfeiffer Maschinenfabrik GmbH (CPB), a leading German company in this sector, in April 2014. Construction began in July 2014 and the plant is expected to be commissioned in the first quarter of 2016.

A brief ceremony was held today in the presence of the Cement Division’s directors, senior management and staff, the EPC contractor, CPB, and other subcontractors and consultants to commemorate the casting of concrete to the tallest structure of project which is the 60m-high silo.

Commenting on this achievement, Dato’ Richard Curtis, Group Managing Director, Cahya Mata Sarawak Berhad, said: “With this third grinding plant we will be operating the first integrated cement production facility in East Malaysia. This third plant will increase CMS’ total annual rated cement production capacity by almost 60% to 2.75 million MT when it comes into production in 1Q 2016.  This will enable CMS to meet growing cement demand in Sarawak, to have significant reserve production capacity to materially reduce the risk of any supply disruptions, as well as potentially to extend our supply into nearby markets. It also allows us to expand our participation in the Sarawak growth story which is driven by the Sarawak Corridor of Renewable Energy (SCORE) initiative, and to position our Group to ensure long-term sustainable growth in this core business division of ours”.

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Every Drop Counts

18 April 2015 – CMS Group collaborated with Sarawak General Hospital to organise their CMS Blood Donation Drive, held within the compounds of Wisma Mahmud. Staff came from as far as Bau, Lundu, Simunjan and Samarahan to ‘do good’ and save lives.

By 9.00 am, a huge crowd had gathered at the building’s lobby waiting patiently for their turn, with many first-time donors getting over their fears, which was definitely an act to be proud of!

2015’s CMS Blood Donation Drive was indeed successful with donors exceeding expectations. 103 people turned up with 87 who donated their blood successfully.

Every drop counts, so why not donate and save lives?

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PPES Works (Sarawak) Sdn Bhd Enters Into Contract with State Government to Undertake the Proposed Sarawak Museum Campus and Heritage Trail

Kuching (Sarawak), Tuesday, 14 April 2015 – Cahya Mata Sarawak Berhad (CMSB), the State of Sarawak’s leading infrastructure facilitator, is pleased to announce that its construction arm, PPES Works (Sarawak) Sdn Bhd (PPES) , which is owned 51:49 between CMSB and State agency Sarawak Economic Development Corporation, has entered into a Design and Build and Negotiated Contract with the Government of Sarawak for the Sarawak Museum Department to undertake the proposed Sarawak Museum Campus and Heritage Trail in Kuching at a total contract sum of RM308 million (US$83.2m).

The Project comprises the design, construction, fitting out and exhibitory for a new world class  museum and an adjoining annexe building with a combined total floor space of approximately 30,000 m2. This annexe building will incorporate both an administration area and storage and conservation facilities up to international museum standards. The Project also includes a heritage trail in central Kuching as well as the period conservation and exhibitory for the three existing historical museum buildings and of a pavilion.

Dato’ Richard Curtis, Group Managing Director of CMSB said, “The Sarawak Museum was founded in 1891 and contains one of the world’s finest collections of Borneo material within a complex of historically important heritage buildings. We are confident that PPES’ long experience in developing iconic buildings in the State including the Sarawak State Legislative Assembly building (or DUN) and the award winning Borneo Convention Centre Kuching will enable us to deliver this project in line with the State’s objective of restoring the Sarawak Museum to its status as one of the region’s leading museums.

“We are honoured to have been entrusted with this Project and recognise that its successful execution will greatly support nation building, education and research into Sarawak’s rich natural, cultural and historical heritage as well as increasing cultural tourism. To ensure this objective is met, PPES, to supplement local resources, is involving international experts and other leading museums with proven track records in upgrading and developing world class museums in its Project execution. These will include UK’s British Museum and Natural History Museum who were involved in the original founding of the Sarawak Museum.”

The Project is being undertaken in phases so that at all times a section of the Sarawak Museum is always open to visitors and the Project is expected to be to be completed in 2020.