INTEGRATED LOGISTICS BUSINESS BUSINESS SEGMENT REVIEW 2014 had been a tough and challenging year for MILS, given the general cost escalations in the domestic business environment as well as delays in new project commencements. During the year, we were presented with the opportunity to divest our investment in our whollyowned subsidiary, MILS. However, due to unforeseen circumstances, we were not able to complete the sale process. Despite these challenges, MILS managed to turn in a credible performance during the year, growing its presence and profitability in the project logistics segment with new contracts from the Energy sector being secured. HIGHLIGHTS OF 2014: • Provided services to Murphy Oil, Sinohydro Corporation, and WASCO Coating Malaysia in Turkmenistan • Contract extension for PETRONAS NGV MISC BERHAD - Annual Report 2014 p 70 PRESIDENT/ CEO’S REPORT
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