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SHAH ALAM: PKT Logistics Group Sdn Bhd, which plans to be listed on Bursa Malaysia by middle of next year, aims to hit RM1 billion revenue by 2015.

Its new group chairman, Datuk Jalilah Baba, said the group is confident of achieving the target as it adds more higher-value products and expands its customer base.

Jalilah joined PKT on September 5 after retiring as director-general of Malaysian Investment Development Authority last month.

PKT, a total logistics service provider, made RM150 million in revenue for the year ended September 30 2009. The group expects to more than double the figure in the current year as it had consolidated a few companies.

PKT has hired RHB Investment Bank to handle its upcoming listing on Bursa.

Currently, 80 per cent of its revenue comes from the automotive logistics segment, while the rest from the fast-moving consumer goods (FMCG) segment. However, PKT wants to focus more on the faster-growing FMCG segment, and aims to have it account for 40 per cent of its revenue by 2013.

“FMCG is our main focus for all our future investments. It’s a huge market,” group chief executive officer and managing director Datuk Michael Tio said.

Jalilah and Tio spoke to reporters after PKT’s Hari Raya Open House at its One Logistics Hub here on Saturday.

The group is looking to expand in the eastern, northern and southern growth corridors of Malaysia. It is targeting to have 5 million sq ft worth of warehouse space by 2015, from about one million sq feet now.

Tio is optimistic about PKT’s growth prospects and said that several foreign investors are interested in taking a stake in it. Talks are ongoing with investors “from the East”, he said, declining to elaborate.

The group is also steadily moving towards becoming an Asean logistics provider, and plans to have at least 30 per cent of its revenue come from that region by 2013.

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