Below in an excerpt from Berjaya Corp Bhd (BCorp) chairman Tan Sri Vincent Tan Chee Yioun's statement in the company's latest annual report, which was filed with Bursa Malaysia on Monday (Oct 31).

BCorp has remained resilient and improved our financial performance in a challenging year that saw global economic downturn brought on by geopolitical tensions, global supply chain disruptions and post-pandemic uncertainties.

Being a global consumer group, BCorp was able to adapt and prove that we are both robust and extremely flexible in overcoming these challenges. The unique experiences we deliver to our customers, the strength and equity of our people and brand, and the trust we built with our partners and stakeholders are the reasons we achieved successes in a time when we were forced to adapt to very adverse circumstances. While it was certainly challenging in many ways, it also showed how resilient we are as a group even in the toughest of times.

Despite a challenging operating environment, the group delivered better performance for the financial year ended June 30, 2022. These exceptional and unprecedented times have moulded us to emerge stronger.

In line with the group’s three-year strategic plan, we have since streamlined our businesses into four business segments, namely Retail (Food and Non-Food), Hospitality, Property and Services, to remain focused as a consumer group.

Although the operating environment remains challenging and volatile, I am optimistic about the future as the group is making good progress with its three-year strategic plan as reflected by our achievements during the financial year under review. Moving forward, the group remains focused on its strategy to future-proof its businesses, and at the same time, continue to explore and invest in business opportunities around the region and globally.

Tan Sri Vincent Tan Chee Yioun
Non-Independent Non-Executive Chairman
Berjaya Corp Bhd