Advancecon Holdings Bhd 2023 Annual Report with Sustainability Disclosures
Company: Advancecon Holdings Bhd
Sector: Construction
Country: Malaysia
Year: 2023
Type: Annual Report with Sustainability Disclosures
Pages: 287
The report highlights Advancecon Holdings Berhad's performance and sustainability initiatives for the fiscal year 2023. The company achieved a 6.5% increase in revenue to RM449.8 million, driven by its construction and quarry segments, despite facing a net loss of RM45.9 million due to rising material prices and project delays. Key developments included the joint development of the Silver Valley Technology Park and progress on the LSS4 solar project, which is 90% complete. On the ESG front, the company implemented ISO 14001:2015 and ISO 45001:2018 standards, recorded a total energy consumption of 7,327,460.43 kWh, and achieved 84.9% local supplier spending.
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