7
/ MTQ CORPORATION LIMITED /
ANNUAL REPORT
2014/2015
share schemes to cover a wider range of key personnel
this past year.
The total staff strength for the Group is about 1,275,
broken down by geographical segments as follows:
COUNTRY
Headcount as at
31 March 2015
Headcount as at
31 March 2014
Singapore
276
285
Bahrain
130
129
Australia and UK
505
498
Indonesia
364
448
1,275
1,360
Safety awareness remains an important area we must
not lose sight off. With operating environments as
diverse as Aberdeen in the UK to Jakarta in Indonesia,
the focus on improvement is a universal mantra.
Trying to lift standards to industry-wide acceptance
levels is a constant challenge. Regular customer and
industry audits from such entities API, DNV remain an
important aspect of our business. We continue to have
a good record, especially in Australia and the UK of
meeting industry requirements.
THE CHALLENGE AHEAD
This is a tumultuous time in the oil and gas industry.
Recovery following a long period of expansion can be
arduous. However, we have seen peaks and troughs
before. Our financial position is strong and our gearing
is low, by any yardstick.We have no capital market debt
which, in this environment, will require repayment via
other sources. We will watch our cost base carefully and
we are prepared to take difficult decisions if needed.
Our management team and workforce are experienced
professionals. As a leadership team, the Board takes a
long term view and the Group will continue to focus on
the interests of all shareholders so that we can emerge
stronger into better markets.
KUAH BOON WEE
Group Chief Executive Officer
GROUP CEO’S STATEMENT
