Far East Group Ltd 2023 AR2
The report outlines Far East Group Limited's financial and operational performance for the fiscal year 2023. Facing a global economic slowdown, high inflation, and supply chain disruptions, the company experienced a 23.6% decline in revenue to S$79.6 million and recorded a net loss of S$3.7 million. Despite these challenges, the company focused on cost-cutting measures, customer engagement, and optimizing operating costs. The report also highlights the company's corporate governance practices, board composition, and strategic outlook for its wholesale, manufacturing, and engineering segments.
Company: Far East Group Ltd
Sector: Industrials
Country: Singapore
Year: 2023
Type: AR2
Pages: 154
Far East Group Ltd
Annual Report
The report outlines Far East Group Limited's financial and operational performance for the fiscal year 2023. Facing a global economic slowdown, high inflation, and supply chain disruptions, the company experienced a 23.6% decline in revenue to S$79.6 million and recorded a net loss of S$3.7 million. Despite these challenges, the company focused on cost-cutting measures, customer engagement, and optimizing operating costs. The report also highlights the company's corporate governance practices, board composition, and strategic outlook for its wholesale, manufacturing, and engineering segments.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
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
Employees