Faber Group Bhd will continue to focus as a provider of integrated facilities management (IFM) services locally and internationally, according to managing director, Adnan Mohammad. "We will continue to grow the IFM business and, at this moment, we are focusing on the United Arab Emirates (UAE) and India," he told the media. Its IFM business had helped to contribute positively to its revenue and profit for the financial year ended Dec 31, 2009 (FY09). The group is also a property developer. Adnan said the non-concession business had shown a higher growth of contribution to its revenue at 24% in FY09 compared with 8% growth in FY08. Its non-concession operations in the UAE and India contributed RM682.8mil or 85% to the group’s revenue in FY09. In the UAE, Faber’s works include maintaining the infrastructure facilities and projects in the Madinat Zayed-Zone 1 for the Department of Municipal Affairs, in the Western Region Municipality of Abu Dhabi. In India, its businesses include providing IFM services to the commercial facilities in Delhi. In FY09, the group’s revenue improved 21.8 percent to RM805mil compared with RM661.2mil in FY08, while its gross profit recorded an increase of 26.6 percent to RM141.2mil compared with FY08’s RM111.5mil. The higher revenue and gross profit were due to the improved performance of the IFM business, particularly in the UAE.
