11 August 2005, Kuala Lumpur Shell Refining Company (Federation of Malaya) Berhad (SRC) has again emerged amongst the top companies in the KPMG annual survey of companies which most enhanced shareholder value last year. The KPMG/ The Edge Shareholder Value Awards recognise publicly listed companies in Malaysia that have generated exemplary value for their shareholders in the financial year in review. Shareholder value is expressed as the proportion of the company's economic profit over its invested capital. SRC was judged Number 1 in the Energy and Natural Resources category of the KPMG/ The Edge Shareholder Value Awards for 2004. SRC received this accolade for the second consecutive year, previously ranking Number 1 in 2003 and Number 2 in 2002 in the same Energy and Natural Resources category. SRC was also ranked 4th in the 'KPMG/ The Edge Shareholder Value - The Top100' overall category of listed companies on Bursa Malaysia's Main and Second Boards as well as those on the MESDAQ Market. SRC recorded a commendable financial performance in the year 2004, which saw a net profit after tax record of RM 670 million, a 268 per cent increase from 2003. The outstanding earnings of 2004 were mainly due to operational excellence, strong regional refining margins and to a lesser extent, the increase in oil prices. SRC Managing Director, YM Raja Ahmad Murad Raja Bahrin who accepted the award from the Deputy Prime Minister, YAB Datuk Seri Najib Tun Abdul Razak, said that he was proud that SRC continued to receive such recognition from the business and financial community as well as from the business media. He congratulated the SRC team on their achievement of this third consecutive award adding that SRC vision remains "To be the Most Admired Refinery in Asia " and that the Company is firmly committed to realising this vision. According to Raja Ahmad, "The Company’s Board and Management are firmly committed to exploring all avenues to enhance shareholder value. The focus is to ensure the Company remains competitive and profitable, whatever the market conditions may be."
Note to Editor :
Shell Refining Company (Federation of Malaya) Berhad was formed in 1960 as a public listed company. It currently has 49% public participation and 51% private equity held by Shell Overseas Holding Limited. The Company operates with state-of-the-art technology and is the key petroleum products supplier to Shell's Oil Products businesses in Malaysia. The oil refinery at Port Dickson has a licensed production capacity of 156,000 barrels per day and produces a comprehensive range of petroleum products, some 90% of which are consumed within Malaysia.
Issued by Shell Malaysia Media Relations on behalf of the Shell Refining Company (Federation of Malaya) Berhad. For more information, please contact : Lina Yap-Abdullah at tel.603 2091 2252, h/p. 6012 3020 221 or email:  lina.yap-abdullah@shell.com
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