BTM Resources Bhd 2023 AR2
The report outlines BTM Resources Berhad's strategic transition into the renewable energy sector with the planned development of two biomass power plants in Terengganu, Malaysia. During the financial year 2023, the company completed a Rights Issue with Warrants-C exercise, raising approximately RM73.7 million to fund these projects and secure feedstock through a timber plantation sublease. On the ESG front, the company achieved 100% local supplier spending and maintained zero corruption incidents. However, the group recorded a decrease in revenue to RM7.2 million and a loss before tax of RM20.0 million, largely due to administrative expenses from its Long-Term Incentive Plan.
Company: BTM Resources Bhd
Sector: Materials
Country: Malaysia
Year: 2023
Type: AR2
Pages: 170
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BTM Resources Bhd
Annual Report
The report outlines BTM Resources Berhad's strategic transition into the renewable energy sector with the planned development of two biomass power plants in Terengganu, Malaysia. During the financial year 2023, the company completed a Rights Issue with Warrants-C exercise, raising approximately RM73.7 million to fund these projects and secure feedstock through a timber plantation sublease. On the ESG front, the company achieved 100% local supplier spending and maintained zero corruption incidents. However, the group recorded a decrease in revenue to RM7.2 million and a loss before tax of RM20.0 million, largely due to administrative expenses from its Long-Term Incentive Plan.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Energy Consumption
Water Consumption
Women on Board
Workplace Fatalities
Employees