By: Rosli Mansor Ahmad Razali
IPOH: The Perak State Agricultural Development Corporation (Perak SADC) is poised to enhance its income based on its past performance.
The income target for Perak SADC in 2025 is set at RM4 billion, with an expectation of reaching RM10 billion by 2030.
Dato’ Yahanis Yahya, Chief Executive Officer of Perak SADC, expressed confidence that these targets can be achieved through ongoing and planned efforts.
“These include increasing cash reserves, profits from the sale of PT Pinang Estate (2021), and liability reduction. Furthermore, reassessment of Perak SADC’s land, increased capital asset purchases, and new investments,” he stated.
He made these remarks during an event commemorating the 50th Anniversary of Perak SADC, attended by the Chief Minister of Perak, Dato’ Seri Saarani Mohamad.
Currently, Perak SADC’s net asset value stands at RM3 billion, an increase from RM2.52 billion the previous year.
At its inception, Perak SADC received an initial grant of RM1 million from the state government.
