2011 Annual Report
Messages from Key Management
Hew Moi Lan
Group Chief Executive Officer
SEG International Bhd
Once again, SEGi has gone above and beyond in 2011. This is reflected not only in the figures but also in the numerous achievements of the Group throughout the year. For this, my heartiest congratulations go out to each and every member of the SEGi family. These achievements are not due to some overnight stint, but as the result of a cooperative labour of love coming together over the years.
Due in no small part to the hard work and ingenuity of the Group, we were able to improve the revenue and profit before tax at a remarkable level. SEGi’s full year net profit for the year ended 31 December 2011 jumped 67% to RM72.2 million from RM43.2 million a year earlier. Revenue during the year increased 28% to RM278 million in 2011, whereas the net cash flow from operating activities improved to RM69 million.
In 2011 and in future years, SEGi will play a pivotal role in the nation’s roadmap as the only educational institution to be named as the champion for two EPP projects. SEGi was appointed the champion of Early Childhood and Childcare Education (ECCE) by the Ministry of Education to upgrade the qualification of ECCE practitioners nationwide. The Group was also appointed by the Malaysian government through the Ministry of Human Resource as Project Leader for a new initiative to bring in foreign trainees and learners to Malaysia, an initiative called SkillsMalaysia International Technical Education and Vocational Training Programme (SkillsMalaysia INVITE).
Towards the later part of 2011 SEGi proved itself once again, following the achievement of outstanding results by the Group in the 1st Malaysian Quality Evaluation Systems for Private Colleges (MyQUEST), an evaluation carried out by the Ministry of Higher Education Malaysia.
As a result of this evaluation, SEGi came out on top in more ways than one. SEGi Subang Jaya was one of only three colleges in Malaysia to be awarded the highest 6-star rating in the overall college-based category, depicting an outstanding performance. In addition, SEGi scored 6-star ratings for 5 of the 9 cluster-based categories, the MOST of any education group.
Looking ahead to 2012, we are also marking a new chapter for SEGi as we celebrate the Groups’ 35th Year Anniversary as well as our upgrade to University.
I foresee 2012 to be another exceptional year, and with the commitment and focus of our talented staff force, I am positive that we can outshine again.
Emeritus Professor Dr. Muhamad Awang
SEGi University Vice Chancellor / Senior Vice President
SEG International Bhd
The year 2011 was indeed an outstanding one for SEGi. Among the backdrop of a highly competitive and diverse education market, the Group has once again shown growth. This is no small feat and is something I happily attribute to the hard work of every SEGian.
The next few years will see continued growth for the Group, not only with the implementation of new and exciting programmes, but also with the development of a new modern campus in Perak. The campus will be situated nearby to Ipoh city centre and is expected to serve up to 8,000 students. The development, comprising of academic blocks, apartments, laboratories, and recreational activities, is set to be completed in late 2013 or early 2014.
We are also proud to announce the appointment of Yang Amat Mulia (YAM) Tan Sri Dato’ Seri Syed Anwar Jamalullail as the Chancellor of SEGi University, an appointment which was inaugurated by Minister of Higher Education, YB Dato’ Seri Mohamed Khaled Nordin at the Ministry of Higher Education in Putrajaya on 17 November 2011. A member of the Perlis royal family, YAM is not only a highly experienced corporate figure, but also actively involved in social work and voluntary services. We are honoured to welcome YAM to the Group and are certain his knowledge and experience will prove invaluable.
I am also pleased with the advancement in the area of R&D among the Group. I myself was honoured to be a recipient of a RM1.3 million research grant awarded by the Ministry of Higher Education under the Long Term Research Grant Scheme (LRGS). Dr Sharon Chen, Head of American Degree Program and Director of SEGi Research & Innovation Management Centre, was awarded an Exploratory Research Grant Scheme (ERGS) research grant in the amount of RM50,000. And, Dr. Karim Alwan Mohamed Al-Jashamy from the Faculty of Medicine was invited to present his research on stem cells at the 20th Scientific Conference of Microscopy Society of Malaysia.
With these and many other ongoing initiatives and projects, SEGi will continue in its endeavours to deliver and produce excellence. We strive to achieve the highest rating in SETARA just as we have done with MyQuest in 2011.
2011 was filled with many achievements and milestones but I am sure 2012 will prove to be a year with even more developments, both for the University and the Group as a whole.