Pernama eyes higher profit, revenue

Perwira Niaga Malaysia (Pernama), a wholly-owned unit of the Malaysian Armed Forces Fund Board, expects to record a pre-tax profit of RM30 million and revenue of RM300 million by 2017.

Its general manager, Datuk Prof AB Wahab Khalil, said pre-tax profit for financial year 2012 rose by 28.5 per cent to RM22.5 million from RM17.5 million in financial year 2011 (FY11).

Revenue increased to RM258.9 million from RM220.3 million in FY11.

AB Wahab said the good results were attributed to the new salary increases received by the Malaysian Armed Forces personnel early last year.

"With this achievement, we have declared a dividend payment of RM30 million, up by 20 per cent from 2011," he told a media briefing on the group's 2012 performance here today.

On capital expenditure, AB Wahab said the group has allocated up to RM6 million to open new shops and upgrade older ones nationwide.

"Moving forward, we will continue looking at other business opportunities and find new ways to improve the lives of our customers, the Malaysian Armed Forces personnel.

"We've also developed an e-commerce business, whereby the army forces personnel can make purchases online through our e-mart. The growth from this segment has also been good," he said.-- Bernama