KUANTAN: The 2014-2016 financial performance of the state government-owned Amanah Saham Pahang Bhd (ASPA) was found to be less than satisfactory. The Auditor General’s Report 2016 Series 2, through auditing done from February to June this year, found that pre-tax profits for 2014 and 2015 each fell to RM10.57 million and RM7.53 million, and that ASPA suffered 2016 pre-tax loss of RM12 million. ASPA earns revenue from oil palm cultivation, logging, dividends from property and share investments, sales of rubber, and other activities like sale of fixed assets. "Corporate planning and key performance indicators (KPI) were not provided to measure the company's performance in achieving short term and long term goals. The report also recommends that ASPA study and provide short term and long term business plans that have performance indicators that are clear, achievable and instill competitiveness.

Source: New Strait Times November 27, 2017 16:30 UTC