Product Search
      产品搜索
     
 
 
 
Investor Relations
公共联系
Corporate Information
集团信息
Financial Information
财务信息
Annual Reports
年度报告
News / Announcements
新闻 / 公告
 
Chairman Message
主席致辞


Dr Ho Leng Woon
Chairman
 

Dear Shareholders,

In 2020, COVID-19 has infected almost 100 million people and claimed nearly 2 million lives worldwide. The economies of Europe and the United States were battered badly while the economy of Singapore contracted by 5.4%.

AP Oil recorded an after-tax profit of $2,153,000 despite a 9% revenue decrease to $57,419,000 in FY2020.

In the face of major crises throughout the last few decades (the economic depression in 1986, Asian financial crisis in 1998, and the US financial turmoil in 2008), AP Oil stayed true to its founding values and averted retrenchments in a manner befitting a responsible, long-standing local establishment. Notwithstanding acute economic pressure, we prioritized hiring as many local employees as possible in fulfilment of our social obligations.

Given the historically unprecedented scale of this pandemic, it is envisaged that the impact and fallout of COVID-19 on general activity norms and the world economy will linger for several years. We are well prepared for opportunities amid crises. The Group will make corresponding adjustments in business policies over the short to medium-term, focusing extensively on flexibility in formulating strategies. It is synonymous with our long-term goal of ensuring AP Oil stays relevant in an ever-evolving market and growing value via business alliances, mergers and acquisitions. These will continue to be the strategic directions for the future growth of the Group.

The increasing trend of electric vehicles will reduce demand of automotive engine oils. This foreseen impact has been factored into our medium and long-term plans as we make relentless efforts in search of niche markets and new business opportunities. Meanwhile, our two wholly owned subsidiaries, A.I.M Chemical and GB Chemicals, will continue to focus on organic growth of specialty chemical products and related services.

For FY2020, the Group is pleased to announce a dividend of 0.50 cent per share. We are deeply grateful to all shareholders and business partners for their concern and continued support for the Group.

 

新冠病毒在2020年感染了全球近億人口,奪走了二百多萬條生命。在這場世紀瘟疫肆虐下,歐美各國經濟都呈現負增長, 新加坡經濟也下挫了5.4%。

2020財政年度,環球集團的總營額雖然減少了9%,報57,149,000元,但稅後盈利仍有2,153,000元。

作為立足新加坡的悠久企業,環球石油格守履行社會職責的傳統,在過去幾十年面臨大危機(1986的經濟蕭條,1998亞洲金融危機,2008年美國金融風波)都不曾裁員。這次疫情壓力下,我們還盡量聘請本地員工。

這場百年僅見的大瘟疫對世界經濟和人類活動的創傷與洗牌估計在接下來二,三年還會持續呈現。集團在經營方針,中短期計劃上會做出相應的調整,在策略上也將會更加靈活。我們深知危機中常有機遇,集團長期發展的轉形以及尋找併購聯營對象是管理層自從公司上市後,都在進行中的目標,也將是今後繼續努力的方向。

我們也意識到電動車輛的普及對車用潤滑油用量減少的影響,這是中長期計劃中必須考量的一個重要大課題。另方面,專注特殊化產品的有機增長以及物色其他可持續增長的商機也是集團接下來中,長期的努力投入的重點。

2020年財政年度集團將發每股0.5分的股息,我們深深感激各位股東、商業伙伴及各界朋友對集團的關心與支持。

 


My very best wishes,