Carimin Petroleum Bhd 2019 AR2
The report highlights Carimin Petroleum Berhad's financial turnaround in FY2019, achieving a revenue of RM441.14 million and a profit after tax of RM27.44 million. This return to profitability was primarily driven by increased offshore activities under its maintenance, construction, and modification (MCM) contract with Petronas Carigali. Additionally, the company expanded its capabilities by acquiring a 60% stake in Subnautica Sdn. Bhd., entering the subsea underwater inspection, repair, and maintenance segment. On the sustainability front, the company established a Sustainability Committee, aligned its operations with the UN Sustainable Development Goals, and achieved zero workplace fatalities.
Company: Carimin Petroleum Bhd
Sector: Mining & quarrying
Country: Malaysia
Year: 2019
Type: AR2
Pages: 150
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Carimin Petroleum Bhd
Annual Report
The report highlights Carimin Petroleum Berhad's financial turnaround in FY2019, achieving a revenue of RM441.14 million and a profit after tax of RM27.44 million. This return to profitability was primarily driven by increased offshore activities under its maintenance, construction, and modification (MCM) contract with Petronas Carigali. Additionally, the company expanded its capabilities by acquiring a 60% stake in Subnautica Sdn. Bhd., entering the subsea underwater inspection, repair, and maintenance segment. On the sustainability front, the company established a Sustainability Committee, aligned its operations with the UN Sustainable Development Goals, and achieved zero workplace fatalities.
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Document Details
Report Year
2019
Reporting Period
Jul 1, 2018 - Jun 30, 2019
Fiscal Year
2019
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
Workplace Fatalities
Employees