Chief Executive Officer, Feytech Holdings Berhad
Chief Executive Officer, Feytech Holdings Berhad
To assure our products quality, Feytech is strictly implements international quality management system. Feytech is also learns from outstanding OEM customers, and integrate the management methods of European, US, Japanese and Korean OEM customers into our quality management system. Our Quality Policies are Fulfilling requirements from customers, standards, and systems; Excellent services provide to customer; and Continuous Improvement on products, processes and services.
Over the years, the Group has established its reputation as an automotive cover manufacturer that can also manufacture automotive seats. Gosford Malaysia has been recognised by Perodua Sales Sdn Bhd for delivering its products promptly in 2018. Further, Gosford Singapore has also been awarded with the SME Excellence Business Award Achievers 2022/2023 by Vision Media Group. These recognitions are testament to the Group’s established industry reputation.
We have conducted extensive laboratory testing to make certain that our products meet or exceed all applicable Federal Motor Vehicle Safety Standards (FMVSS) Side Impact Airbag Deployment Test Series have been conducted in a certified laboratory, to assure passenger safety. Thanks to our experience and continuous research, we can provide our customers with leathers tanned according to different recipes, thus continuously improving our environmental and resource targets. Elevate your ride with our stylish seat covers and showcase your commitment to excellence.
The Group’s revenue increased by RM41.7 million or 49.0% from RM85.2 million in FYE 2021 to RM126.9 million in FYE 2022. The Group’s cost of sales increased by RM26.3 million or 51.7% from RM50.8 million in FYE 2021 to RM77.1 million in FYE 2022. The Group’s GP margin decreased from 40.4% in FYE 2021 to 39.3% in FYE 2022 mainly due to the commencement of manufacturing of automotive seats in FYE 2022 which has a lower GP margin of 16.9% as compared to automotive covers division. The Group’s PBT increased by RM11.3 million or 44.1% from RM25.7 million in FYE 2021 to RM37.0 million in FYE 2022, which was mainly due to the increase in the Group’s GP for the FYE 2022.
Gosford has received an IATF 16949:2016 Certification in 2018. IATF 16949 specifies the requirements
of a quality management system for automotive production. Born from the need for a globally
harmonised quality management system requirements document, IATF 16949 was published in October
2016. Feytech has achieve an automotive standard certificate to ensure that we follow all the
automotive, safety and quality requirement.
2009 - ISO 9001 : Quality Management
2010 -ISO/TS 16949:2009 : Quality Management
2018 - IATF 16949:2016 : Quality Management
The Group’s revenue increased by RM41.7 million or 49.0% from RM85.2 million in FYE 2021 to RM126.9 million in FYE 2022. The Group’s PBT increased by RM11.3 million or 44.1% from RM25.7 million in FYE 2021 to RM37.0 million in FYE 2022, which was mainly due to the increase in the Group’s GP for the FYE 2022.
MILLION (myR) 2022 - Annual Revenue
MILLION (myR) 2022 - Adjusted EBITDA
MILLION (myR) 2022 - Net Profit
