Cepatwawasan Group Bhd 2022 AR2
The report highlights Cepatwawasan Group Berhad's sustainability initiatives and financial performance for the fiscal year 2022. The group's revenue decreased by 2% to RM357.09 million, and profit before tax declined by 24% to RM50.78 million, primarily due to a decrease in fresh fruit bunch production and rising fertilizer and labor costs. On the environmental front, the company maintained its commitment to sustainable practices, with all plantations and its mill achieving Malaysian Sustainable Palm Oil (MSPO) certification. Additionally, the group's biogas and biomass power plants generated renewable energy, contributing to a reduction of approximately 78,800 metric tonnes of CO2 emissions. In terms of social responsibility, the group continued its partnership with the Borneo Child Aid Society to provide education to the children of foreign plantation workers.
Company: Cepatwawasan Group Bhd
Sector: Consumer Staples
Country: Malaysia
Year: 2022
Type: AR2
Pages: 150
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Cepatwawasan Group Bhd
Annual Report
The report highlights Cepatwawasan Group Berhad's sustainability initiatives and financial performance for the fiscal year 2022. The group's revenue decreased by 2% to RM357.09 million, and profit before tax declined by 24% to RM50.78 million, primarily due to a decrease in fresh fruit bunch production and rising fertilizer and labor costs. On the environmental front, the company maintained its commitment to sustainable practices, with all plantations and its mill achieving Malaysian Sustainable Palm Oil (MSPO) certification. Additionally, the group's biogas and biomass power plants generated renewable energy, contributing to a reduction of approximately 78,800 metric tonnes of CO2 emissions. In terms of social responsibility, the group continued its partnership with the Borneo Child Aid Society to provide education to the children of foreign plantation workers.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Published
Apr 20, 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
Women on Board