Tan Sri Dr Jeffrey Cheah, AO, Sunway Group Founder and Chairman, was named “Value Creator: Outstanding CEO of Malaysia” at The Edge-Billion Ringgit Club (BRC) Awards 2014. He received the coveted award from YAB Tan Sri Muhyiddin Yassin, Deputy Prime Minister of Malaysia at the well-attended gala dinner.
The Value Creator: Outstanding CEO of Malaysia Award recognises corporate figures’ contributions and exemplary leadership in building businesses and creating value for their stakeholders. Value creation is reflected in the market valuation of the company, returns to shareholders and stakeholders; revenue and profit growth; and employment creation.
From a tin-mining company established in 1974, Sunway Group has thrived to become one of Malaysia’s most widely admired brands, with 12 established business divisions in 50 locations worldwide. Today, Sunway Group is home to some 13,000 employees.
Befitting its 40th Anniversary celebrations, Sunway Group has announced solid earnings growth for the financial year ended 31 December 2013 (FY2013) with reported a net profit of RM1.5 billion, or the equivalent of a 183% increase from the previous financial year. Annual revenue for FY2013 was RM4.7 billion compared to RM4.1 billion recorded in 2012.
This is the fifth consecutive year The Edge has organised The Edge-BRC Club and Corporate Awards, and the fourth year the Value Creator: Outstanding CEO of Malaysia Award has been presented.