HEADLINE KPIs
The Company would like to announce the target Headline KPIs for 2015 as set out in Table 1. These KPIs have been set and agreed by the Board of Directors and Management of the Company as part of the broader KPI framework that the Company has in place, as prescribed under the Government Linked Company (“GLC”) Transformation program and is disclosed on a voluntary basis.
It should be noted that these headline KPIs are targets or aspirations set by the Company for the respective years as a transparent performance practice. The KPIs should not be construed as estimates, forecasts or projections of the Company or representations of any future performance, occurrence or matter as the headlines are merely a set of targets or aspirations of future performance aligned to the Company’s strategy.
HEADLINE KPIs FOR THE 4TH QUARTER 2015
The annualised Group revenue growth for the 4th quarter 2015 have met the targeted Headline KPI mainly due to higher income from investments and higher financing income from corporate segments. However, the annualised Group net return on equity did not meet the target set mainly due to lower operating profit as a result of higher impairment losses on loans, advances and financing.
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TABLE 1
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Target 2015 Headline KPIs
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4th Qtr 2015 12 Months Unaudited Group Results
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1. Annualised Group net return on equity
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12.5%
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5.4%
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2. Annualised Group revenue growth
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10.0%
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16.8%
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This announcement is dated 24 February 2016.
