Insights from Key Management 2008

2008 Annual Report
Insights from Senior Management

Dato’ (DR.) Patrick Teoh Seng Foo
Executive Deputy Chairman/President
SEG International Bhd

We are gratified with yet another successful year with many significant milestones. Chief among these is the invitation by the Ministry of Higher Education to upgrade the status of our main campus to SEGi University College on 30 June 2008. The status provides SEGi with an invaluable platform to grow our own programme offerings.

Another cornerstone of our success is our emphasis as an Institution which is ‘Passion Guided, Industry Driven’. SEGi continues to strengthen its relationship with internationally acclaimed partner universities from the United Kingdom, Australia and the United States.

In 2008, SEGi made major commitments to Charity and Scholarships and implemented a range of initiatives which reach out to the wider community. The Group’s dedication to grooming future leaders goes hand-in-hand with our CSR initiatives which also benefit its stakeholders in the long term.

SEGi has come a long way over the past few years, achieving notable milestones year after year. These form a solid foundation for robust performance in the coming years.

In fact, we are beginning to feel the positive impact from our operations. Despite the current depressed state of economy, we are cautiously optimistic that SEGi should experience continuous growth with improved performance in the near future.

Dato’ Clement Hii Chii Kok
Group Managing Director
SEG International Bhd

SEGi reported total revenue of RM127.4 million and a pre-tax profit of RM9.9 million last year, an improvement of 48% and 299% respectively compared with the corresponding period in 2007. This financial growth is indicative of our continued commitment to the delivery of first-rate academic programmes.

Along with these positive financial reports, SEGi’s current total student population stands at 18,500, setting the Group in good standing to achieve our full capacity of 26,000 students within the next few years.

I would also like to take this opportunity to announce the restructure of our Directors/Senior Management which saw Mr. Lee Kok Cheng appointed as the new Group Chief Executive Officer, while I will remain as Managing Director of the Group, following my recent appoint as Executive Deputy Chairman of Star Publications (M) Bhd. This restructure also saw the appointment of Ms. Hew Moi Lan as Group Chief Operating Officer. This restructuring will help to strengthen the management team.

Despite the current economic uncertainty, we remain positive about the future outlook for the Group and, with the development of new programmes and increased focus on the quality and delivery of these programmes, we expect further growth in 2009.

Lee Kok Cheng

Group Chief Executive Officer
SEG International Bhd

We strive to maintain the integrity of our courses and graduates by developing strong foundations and partnerships with relevant professional/industry bodies and continuously shaping the syllabus to meet industry needs and trends. This has allowed us to provide internationally recognised programmes and produce career-ready graduates with industry recognized qualifications.

In 2008, the Group strengthened its programme offerings, particularly within the Faculty of Allied Health Sciences. One of the notable newly launched programmes was the Master of Pharmacy programme. The Group also expanded its Nursing Schools and now boasts five schools within the Group’s institutions. Developments in these areas have succeeded in further establishing SEGi as an Allied Health Science focused institution.

These are exciting times, as SEGi enters a new stage and seeks to offer students programmes and modes of study that will allow them to capitalise on opportunities and stay competitive in the international and local marketplaces. With the implementation of new programmes and by retaining high standards in our delivery and graduates we hope that we can ultimately reach our goal to be a full-fledged University in the next few years.

Hew Moi Lan
Chief Operating Officer
SEG International Bhd

I have been with the Group for more than 20 years, ever since 1986 when I joined Systematic Business Training Centre, now known as SEGi College Kuala Lumpur. To see the continued growth of SEGi into the conglomerate of an educational institution it has become today fills me with great pride, and I am sure the future will continue to bring success. Needless to say, the expansion of the Group entails a great task in managing the operations of each institution and ensuring the standardisation of operational procedures of the whole Group.

In recent years, the Group has invested significant funds into the facilities and infrastructure of the institutions so as to establish the prestige of the Group and provide the best possible learning environment for the students.

Since the upgrade of SEGi College Malaysia in Kota Damanasara, to SEGi University College, we have made this flagship campus our centre for operations. By centralising and standardising our operations, we hope to reduce overall costs and optimise the usage of our resources in manpower and facilities.

This pooling of resources will also help to reduce other operating costs, namely distribution costs, administration costs and finance costs. Inevitably, this will increase the profit margin of the Group as a whole to the benefit of stakeholders and personnel.