Eng - IOI Group

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chairman’sstatement cont’dPROSPECTSAs mentioned, we have invested substantially and in a low interest rate environment, to enlarge the income generatingcapacities of our integrated palm oil business to ensure sustainable growth in coming years. The focus for this year willbe to ensure that the integration process for the new acquisitions continues smoothly, that concerted efforts onenhancement in productivity and cost efficiencies at all levels continue and that market opportunities are fullycapitalised on.Whilst palm oil prices are expected to be softer, the volume growth in production should be more than sufficient tooffset the impact of lower prices and to sustain a decent growth in plantation earnings. Conversely, on the downstreamside, with softer prices, margins should improve to boost manufacturing earnings. On the housing market front, thepositive outlook and market upturn experienced in the fourth quarter of FY 2003 is expected to be sustained against abackdrop of continued low interest rates and better economic growth prospects. Overall, your Board is thereforeconfident of an even better operating performance for the current financial year.IOI Corporation BerhadAnnual Report 200312
ACKNOWLEDGEMENTOn behalf of the Board, I would like to extend my highest appreciation to the management team and all members of theIOI family for their dedication and commitment. Our outstanding performance and the Group’s continuous growth arethe result of a concerted effort and contribution of the entire IOI team. I wish also to thank our valued customers,business partners, associates, bankers for their support and loyalty without which our success will not be possible andwe look forward for their continued trust and support to the Company and the Group.I would also like to extend my heartfelt thanks to the relevant government authorities for their assistance and supportand my gratitude to my fellow directors for their invaluable support and advice.Finally, my special thanks to our shareholders, for your continued support and confidence in the Group and we assureyou that we will continue to work to uphold your trust in us.Thank you.Tan Sri Dato’ Lee Shin ChengExecutive Chairman13IOI Corporation BerhadAnnual Report 2003
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Page 5 and 6: OPERATING BACKGROUNDThe Malaysian e
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OPERATIONS cont’dIn line with the
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RESULTS cont’dThe Group’s overa
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ValKepongKLCCKualaLumpurKL SentralP
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management’sdiscussionandanalysis
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OPERATIONSThe Group’s palm oil re
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PROSPECTSThe oleochemical sub-segme
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4 Duties and ResponsibilitiesIn ful
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ACTIVITIES cont’dviiReview of the
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Roles and Principal Duties cont’d
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Board Composition and Balance cont
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Re-electionIn accordance with the C
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Directors’ Remuneration cont’d1
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Financial Reporting cont’dIn addi
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NATURE OF OUR INTERNAL CONTROLS CON
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otherinformationCOMPOSITION OF SHAR
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Type of Recurrent Interested Direct
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Type of Recurrent Interested Direct
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27 Tan Sri Dato’ Lee Shin Cheng i
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groupbusinessstructurePlantationPla
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EuropeNetherlands : Wormerveer and
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■ Plantation1 Bukit Dinding Estat
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• The exercise price of Warrants
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MARCH 2003• IOI achieved a 5th pl
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socialcontributions• In conjuncti
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directors’reportThe Directors of
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directors’report cont’dWARRANTS
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directors’report cont’dEXECUTIV
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directors’report cont’dDIRECTOR
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directors’report cont’dSIGNIFIC
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incomestatements for the financial
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statementsofchangesinequity for the
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cashflowstatements for the financia
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groupproperties cont’dAPLANTATION
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groupproperties cont’dDINDUSTRIAL
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groupproperties cont’dEOTHER PROP
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LIST OF TOP 30 SHAREHOLDERS cont’
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fold hereIOI Corporation BerhadNo.
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Eng - IOI Group

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