Financial Statement Analysis of Dutch Lady
I. INTRODUCTION
Dutch Lady Milk Industries Berhad ("Dutch Lady Malaysia"), a company established in 1963, is currently leading in the business of quality branded dairy in Malaysia. The company, whose holding company is Royal FrieslandCampina–a Dutch multinational corporation, one of the largest milk companies in the world- was the first milk company in Malaysia to be listed on Bursa Malaysia, the local Stock Exchange in 1968. Being the leading producer and seller of quality dairy products and fruit juices for home and export market (such as Infant formula, many types of milks, yoghurt and fruit juice drinks), Dutch Lady Malaysia has a strong consumer following and represented by strong brands (such as Dutch Lady, Frisolac, Completa, Omela, Friso, and Joy). In addition, it was the first company in the world to introduce a growing up milk powder specifically formulated for children from ages one to three (known in Malaysia as Dutch Lady 123 and Dutch Lady 456) and is the largest purchaser of local fresh milk from the Veterinary Services Department.
The company receives strong support from its holding company. It also believes in product innovation and commitment to its consumers, which lead it to a constant efforts to improve its processes in order to serve its customers with high quality nutritious products.
The company gives prime considerations to Quality Control and Quality Assurance. It has continually received accreditation of ISO 9001 since 1995. In terms of food safety, it applies HACCP (Hazard Analysis Critical Control Point) System to all its plants. Meanwhile, for its Environmental Management System it has in place ISO 14001 and OHSAS 18001 (Occupational Health and Safety Assessment Series). The Company’s products are all halal-certified.
With factory located in Petaling Jaya that employs 600 Malaysians, Dutch Lady Malaysia made an annual revenues of RM692 million in 2009. Currently, Dutch Lady Malaysia is leading in the market of key milk categories
Dutch Lady Milk Industries Berhad ("Dutch Lady Malaysia"), a company established in 1963, is currently leading in the business of quality branded dairy in Malaysia. The company, whose holding company is Royal FrieslandCampina–a Dutch multinational corporation, one of the largest milk companies in the world- was the first milk company in Malaysia to be listed on Bursa Malaysia, the local Stock Exchange in 1968. Being the leading producer and seller of quality dairy products and fruit juices for home and export market (such as Infant formula, many types of milks, yoghurt and fruit juice drinks), Dutch Lady Malaysia has a strong consumer following and represented by strong brands (such as Dutch Lady, Frisolac, Completa, Omela, Friso, and Joy). In addition, it was the first company in the world to introduce a growing up milk powder specifically formulated for children from ages one to three (known in Malaysia as Dutch Lady 123 and Dutch Lady 456) and is the largest purchaser of local fresh milk from the Veterinary Services Department.
The company receives strong support from its holding company. It also believes in product innovation and commitment to its consumers, which lead it to a constant efforts to improve its processes in order to serve its customers with high quality nutritious products.
The company gives prime considerations to Quality Control and Quality Assurance. It has continually received accreditation of ISO 9001 since 1995. In terms of food safety, it applies HACCP (Hazard Analysis Critical Control Point) System to all its plants. Meanwhile, for its Environmental Management System it has in place ISO 14001 and OHSAS 18001 (Occupational Health and Safety Assessment Series). The Company’s products are all halal-certified.
With factory located in Petaling Jaya that employs 600 Malaysians, Dutch Lady Malaysia made an annual revenues of RM692 million in 2009. Currently, Dutch Lady Malaysia is leading in the market of key milk categories