Ahmad Zaki Resources Bhd 2024 AR2
The report details Ahmad Zaki Resources Berhad's (AZRB) financial and operational turnaround for the fiscal year ended June 30, 2024, achieving net profit after four consecutive periods of losses. This recovery was primarily driven by the successful divestment of its plantation interests in Indonesia, allowing the Group to refocus resources on key projects like the East Klang Valley Expressway (EKVE) and the Tok Bali Supply Base (TBSB). The Engineering & Construction division secured major contracts, including the upgrading of Istana Abu Bakar and the design and build of Port Dickson Specialist Hospital, boosting its outstanding order book to approximately RM1 billion. Additionally, the Group expanded its sustainability reporting to align with the Global Reporting Initiative (GRI) and Bursa Malaysia guidelines, setting targets for its most material matters.
Company: Ahmad Zaki Resources Bhd
Sector: Industrials
Country: Malaysia
Year: 2024
Type: AR2
Pages: 39
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Ahmad Zaki Resources Bhd
Annual Report
The report details Ahmad Zaki Resources Berhad's (AZRB) financial and operational turnaround for the fiscal year ended June 30, 2024, achieving net profit after four consecutive periods of losses. This recovery was primarily driven by the successful divestment of its plantation interests in Indonesia, allowing the Group to refocus resources on key projects like the East Klang Valley Expressway (EKVE) and the Tok Bali Supply Base (TBSB). The Engineering & Construction division secured major contracts, including the upgrading of Istana Abu Bakar and the design and build of Port Dickson Specialist Hospital, boosting its outstanding order book to approximately RM1 billion. Additionally, the Group expanded its sustainability reporting to align with the Global Reporting Initiative (GRI) and Bursa Malaysia guidelines, setting targets for its most material matters.
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Document Details
Report Year
2024
Reporting Period
Jul 1, 2023 - Jun 30, 2024
Fiscal Year
2024
Published
Dec 12, 2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available