Coastal Contracts Bhd. 2024 AR2
The report highlights Coastal Contracts Bhd.'s performance and strategic developments for the financial year ended December 31, 2024. During the year, the company diversified into the hospitality and renewable energy sectors, acquiring an 82% stake in Jewel of Mabul Development Sdn. Bhd. for a luxury resort project and securing a 25-year Power Purchase Agreement for a 15 MW solar power plant in Sabah. Financially, the Group recorded a revenue of RM77.8 million and a net profit of RM165.2 million, bolstered by a significant debt waiver of RM147.6 million. In sustainability, the company achieved a reduction in electricity consumption, implemented waste management tracking, and contributed RM1.6 million to community investments.
Company: Coastal Contracts Bhd.
Sector: Manufacturing
Country: Malaysia
Year: 2024
Type: AR2
Pages: 156
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Coastal Contracts Bhd.
Annual Report
The report highlights Coastal Contracts Bhd.'s performance and strategic developments for the financial year ended December 31, 2024. During the year, the company diversified into the hospitality and renewable energy sectors, acquiring an 82% stake in Jewel of Mabul Development Sdn. Bhd. for a luxury resort project and securing a 25-year Power Purchase Agreement for a 15 MW solar power plant in Sabah. Financially, the Group recorded a revenue of RM77.8 million and a net profit of RM165.2 million, bolstered by a significant debt waiver of RM147.6 million. In sustainability, the company achieved a reduction in electricity consumption, implemented waste management tracking, and contributed RM1.6 million to community investments.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Published
Apr 30, 2025
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
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target