Eng - IOI Group

groupperformancehighlightsIOI Corporation BerhadAnnual Report 200334In RM’0002003 2002 +/(-)%FINANCIAL PERFORMANCERevenue 3,907,871 2,410,500 62Profit before interest and taxation 826,634 555,295 49Profit before taxation 812,626 569,311 43Net operating profit after taxation ("NOPAT") 721,885 496,153 45Net profit attributable to shareholders 502,052 346,501 45Average shareholders’ equity 3,211,056 2,693,447 19Average capital employed 6,101,274 4,766,606 28Operating margin (%) 21.15 23.04 (8)Return on average equity (%) 15.64 12.86 22NOPAT/Average capital employed (%) 11.83 10.41 14Basic earnings per share (sen) 53.24 40.69 31Dividend per share – gross (sen) 20.0 15.0 33Net tangible assets per share (sen) 302 312 (3)Dividend cover (number of times) 2.80 3.56 (21)Interest cover (number of times) 7.95 8.17 (3)PLANTATION PERFORMANCEFFB production (MT) 2,396,231 1,920,692 25Yield per mature hectare (MT) 25.10 22.91 10Mill production (MT)Crude palm oil 597,513 477,794 25Palm kernel 143,307 118,209 21Oil extraction rate (%)Crude palm oil 21.82 21.28 3Palm kernel 5.23 5.26 (1)Average selling price (RM/MT)Crude palm oil 1,461 1,075 36Palm kernel 711 522 36Operating profit (RM/mature hectare) 5,576 2,834 97PROPERTY PERFORMANCESales value 428,897 483,522 (11)Sales (unit) 1,963 2,090 (6)Average selling price 218 231 (6)Revenue 509,857 538,809 (5)Operating profit 241,907 231,642 4Operating profit (per unit) 123 111 11Progress billings 418,735 498,015 (16)OLEOCHEMICAL PERFORMANCEPlant utilisation (%) 88 95 (7)Sales (MT) 291,234 221,889 31