SINGAPORE WINDSOR HOLDINGS LIMITED | Annual Report 2015
4
CHAIRMAN’S STATEMENT
DEAR SHAREHOLDERS,
In my inaugural message to shareholders last year, I
highlighted Singapore Windsor Holdings Limited’s
(“Singapore Windsor” or “the Group”) new strategy of
returning to growth and the clear priorities to drive value
creation over the past 12 months.
We have built on the initial momentum to expand our
business ambitions in Myanmar and I am pleased to share
that we have made progress in unlocking this potential with
various globally-recognised brands and companies.
Leading our charge in Myanmar is our newly appointed
President and CEO, Mr Mark Bedingham, who joined us
officially in January 2015. With deep industry experience
and strong international business network, Mark has been
a trailblazer in Asia’s consumer marketing and branding
industry for more than 30 years.
Indeed, his great energy, passion and diligence have been a
source of motivation during this challenging transformative
period. Developing best value-creating opportunities have
been at the heart of Mark’s work in the Group and he has
quickly assembled a strong team of industry veterans and
experienced professionals with a stellar operating track
record in emerging markets.
To understandmore insights of the underlying fundamentals
of our growing business portfolio in Myanmar, I shall hand
it to Mark to share more details over the next few pages.
Accumulating considerable local operating capabilities,
business network and excellent knowledge of Myanmar,
there is significant scope for the development of the
Group’s operational and business portfolio that will drive
higher growth and better returns as we move ahead.
Growing Revenue from our Business Activities
in Myanmar
For FY2015, the Group registered revenue of approximately
HK$45.4 million and gross profit of approximately HK$5.0
million which were derived from the Group’s new business
activities in Myanmar. Notably, revenue of approximately
HK$41.9 million was generated from the trading and sales
of Sany products to customers in Myanmar that started
from June 2014, while revenue of approximately HK$3.5
million relates to a rooftop telecom tower construction
project for a Myanmar telecommunication provider.
Accumulating considerable local operating
capabilities, business network and excellent
knowledge of Myanmar, there is significant
scope for the development of the Group’s
operational and business portfolio that will
drive higher growth and better returns as
we move ahead.
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