Ever since its evolution, The Organic Meat Company Limited has mastered the art of turning challenges into its strengths. It is this resilience with which TOMCL has evolved as one of the Pakistan’s largest and most innovative meat and meat offal producer.
Despite strong headwinds, the last year stands out with numerous laudable achievements in the same manner as years previous to it. The tremendous increase in export of Vacuum Packed Fresh Chilled Beef in year 2019 and overall increase in exports of Fresh Chilled Meat to UAE and KSA were overwhelming, along with opening up of an unconventional market for Maldives for Frozen Beef Cubes.
With respect to its operations, TOMCL’s processing plant supplied reliable and quality meat products around the world. The operating cost of various departments has been lower last year keeping up the trends of lower costs and higher production. However, the Company ensured the availability and reliability of its plant and production in compliance with the standard operating procedures. As a manifestation of operational excellence, our cold chain demonstrated its highest ever production with approximately processing 5024 tonnes for the year ended June 2019.
Our other major range of product “Beef Offal” witnessed new and reliable clients coming in whereas the net margins has increased overall for the Company for the last ended financial year.
In terms of our financial performance, the fiscal year 2018-19 witnessed a number of achievements. Increase in revenue and other growing indicators show signs for further growth in future years. The year witnessed the significant accomplishment of our PKR 2,577 million revenue with PKR 218 million profit after taxation. Further fortifying our growth portfolio, the year added another feather in our cap with immense growth in meat export to CIS states and meat offal to Myanmar.
In accordance with our Vision 2020 crafted last fiscal year, TOMCL aspires to capitalize on opportunities like solar or wind energy to reduce the production cost. Currently, we are in the process of developing various new other markets for meat and meat offal exports including Chinas, Russia and Sri Lanka, whereas we expect to finalize a year-long contract for supply of meat and red offal to major hypermarket in UAE. Quality and Production Audits by Ministries of Countries where we export or intend to export are being carried out on regular basis, giving utmost learning and improvement to our existing systems.
We are hopeful that the initiatives undertaken by the current government for bringing improvement in the meat sector will start yielding results in the near future. Such measures, which include curbing overhead costs and taxations, improving raw material (Animal) cost, rationalizing Pakistani animal health status globally and improving the share of value added meat products to our exports.
We have a strong pledge towards our people, which is confirmed through our efforts towards developing a capable workforce and a value driven culture. To align our business with the changing dynamics of the meat sector, we initiated reskilling of our workforce at TOMCL’s internal training sessions. Furthermore, Employee Engagement remained a core pillar of our Company’s philosophy. As a result of round-the-year initiatives we have resulted in higher production, better quality and stronger compliances. As we step into the next year, our focus would remain on reskilling our workforce to timely fill the emerging business requirements and at the same time work towards sustaining a highly engaged work culture.
TOMCL is strongly committed to following international best practices in Health, Safety & Environment (HSE). During the year, we continued refining our processes for safer and more sustainable operations for today and tomorrow. Thanks to Allah Al Mighty, no incident of any sort of accident at work was reported.
Moreover, as per our policy to pay importance to the welfare of the local communities where we operate, we have undertaken various CSR initiatives in the areas of Health, Education & Livelihood Improvement. Our goal is to streamline the social development of the communities around our processing plant in Gadap in Karachi.
Hence, I would like to acknowledge our employees for their persistent efforts and making outstanding contributions to the accomplishments by the Company, our families for their unwavering care and support along with our shareholders for reposing their constant confidence in the Company.
In the end, I would just like to say that TOMCL is a company with a proud past and a bright future!
Chief Executive Officer and Founder
The Organic meat Company Limited