Beng Kuang Marine Ltd 2021 AR2
The report highlights Beng Kuang Group's transition in FY2021, focusing on cost minimization, deleveraging, and asset monetization. The group's revenue increased by 24.3% to S$53.03 million, driven by strong performance in its Infrastructure Engineering and Corrosion Prevention divisions. Despite these gains, the group recorded a net loss of S$13.23 million attributable to shareholders, primarily due to impairment charges on livestock carrier vessels. Key leadership changes included the appointment of Mr. Yong Jiunn Run as CEO and the re-designation of Mr. Chua Beng Yong as Executive Chairman.
Company: Beng Kuang Marine Ltd
Sector: Manufacturing
Country: Singapore
Year: 2021
Type: AR2
Pages: 139
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Beng Kuang Marine Ltd
Annual Report
The report highlights Beng Kuang Group's transition in FY2021, focusing on cost minimization, deleveraging, and asset monetization. The group's revenue increased by 24.3% to S$53.03 million, driven by strong performance in its Infrastructure Engineering and Corrosion Prevention divisions. Despite these gains, the group recorded a net loss of S$13.23 million attributable to shareholders, primarily due to impairment charges on livestock carrier vessels. Key leadership changes included the appointment of Mr. Yong Jiunn Run as CEO and the re-designation of Mr. Chua Beng Yong as Executive Chairman.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available