Far East Group Ltd 2022 AR2
The report highlights Far East Group Limited's financial and operational performance for the fiscal year 2022, achieving a record revenue of S$104.2 million, representing a 25.4% increase from the previous year. This milestone was driven by strong recovery in the Wholesale and Distribution and Engineering Solutions segments, despite challenges from COVID-19 lockdowns in China affecting the Manufacturing segment. The Group reported a net profit attributable to shareholders of S$2.1 million, compared to a loss of S$32,000 in FY2021. Additionally, the report outlines the Group's corporate governance practices, board composition, and strategic focus on sustainability and energy-efficient products.
Company: Far East Group Ltd
Sector: Manufacturing
Country: Singapore
Year: 2022
Type: AR2
Pages: 172
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Far East Group Ltd
Annual Report
The report highlights Far East Group Limited's financial and operational performance for the fiscal year 2022, achieving a record revenue of S$104.2 million, representing a 25.4% increase from the previous year. This milestone was driven by strong recovery in the Wholesale and Distribution and Engineering Solutions segments, despite challenges from COVID-19 lockdowns in China affecting the Manufacturing segment. The Group reported a net profit attributable to shareholders of S$2.1 million, compared to a loss of S$32,000 in FY2021. Additionally, the report outlines the Group's corporate governance practices, board composition, and strategic focus on sustainability and energy-efficient products.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
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
Employees