ECM Libra Group Berhad 2019 AR2
The report highlights ECM Libra Group Berhad's transition and growth in the hospitality sector during the 2019 fiscal year. The company completed the disposal of Libra Invest Berhad for RM50.78 million, marking its exit from the fund management business and yielding a RM35 million gain. Consequently, the company changed its name to ECM Libra Group Berhad to reflect its new focus on hotel ownership and management. The group's hotel portfolio expanded to include Tune Hotel Penang and Tune Hotel Kota Kinabalu, with plans to acquire additional hospitality assets. Despite a challenging outlook due to the COVID-19 outbreak, the company registered a profit after taxation of RM30.334 million.
Company: ECM Libra Group Berhad
Sector: Hospitality & food services
Country: Malaysia
Year: 2019
Type: AR2
Pages: 138
Back to company
ECM Libra Group Berhad
Annual Report
The report highlights ECM Libra Group Berhad's transition and growth in the hospitality sector during the 2019 fiscal year. The company completed the disposal of Libra Invest Berhad for RM50.78 million, marking its exit from the fund management business and yielding a RM35 million gain. Consequently, the company changed its name to ECM Libra Group Berhad to reflect its new focus on hotel ownership and management. The group's hotel portfolio expanded to include Tune Hotel Penang and Tune Hotel Kota Kinabalu, with plans to acquire additional hospitality assets. Despite a challenging outlook due to the COVID-19 outbreak, the company registered a profit after taxation of RM30.334 million.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available