SEGi reported total revenue of RM 127.4 million and a pre-tax profit of RM 9.9 million last year, an improvement of 48% and 299% respectively compared with the corresponding period in 2007. This financial growth is indicative of our continued commitment to the delivery of first-rate academic programme.

Along with these positive financial reports, SEGi’s current total student population stands at 18,500 setting the Group in good standing to achieve our full capacity of 26,000 students within the next few years.

I would also like to take this opportunity to announce the restructure of our Directors/ Senior Management which saw Mr. Lee Kok Cheng appointed as the Group Chief Executive Officer, while I will remain as Managing Director of the Group, following my recent appointment as Executive Deputy Chairman of Star Publications (M) Sdn Bhd. This restructure also saw the appointment of Ms. Hew Moi Lan as Group Chief Operating Officer. This restructuring will also help to strengthen the management team.

Despite the current economic uncertainty, we remain positive about the future outlook for the Group and, with the development of new programmes and increased focus on the quality and delivery of these programmes, we expect further growth in 2009.

Dato' Clement Hii