Beng Kuang Marine Ltd 2024 AR2
The report highlights Beng Kuang Group's return to profitability in FY2024, with revenue increasing by 41.3% to S$111.88 million and net profit surging by 167.7% to S$21.19 million. The group's performance was driven by its transition to an asset-light, service-oriented business model anchored by its Infrastructure Engineering and Corrosion Prevention divisions. In terms of sustainability, the group announced plans to publish its standalone FY2024 Sustainability Report by May 31, 2025, in accordance with GRI Standards and TCFD recommendations. The group also emphasized its commitment to anti-corruption, energy efficiency, emissions reduction, and occupational health and safety.
Company: Beng Kuang Marine Ltd
Sector: Industrials
Country: Singapore
Year: 2024
Type: AR2
Pages: 152
Beng Kuang Marine Ltd
Annual Report
The report highlights Beng Kuang Group's return to profitability in FY2024, with revenue increasing by 41.3% to S$111.88 million and net profit surging by 167.7% to S$21.19 million. The group's performance was driven by its transition to an asset-light, service-oriented business model anchored by its Infrastructure Engineering and Corrosion Prevention divisions. In terms of sustainability, the group announced plans to publish its standalone FY2024 Sustainability Report by May 31, 2025, in accordance with GRI Standards and TCFD recommendations. The group also emphasized its commitment to anti-corruption, energy efficiency, emissions reduction, and occupational health and safety.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
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