Far East Holdings Berhad 2022 AR2
The report highlights Far East Holdings Berhad's financial and sustainability performance for the fiscal year 2022. The company achieved a record revenue of RM 785.68 million and a profit before tax of RM 274.69 million, driven by higher average crude palm oil and palm kernel prices. On the sustainability front, all thirteen of the company's estates and two palm oil mills successfully maintained Malaysian Sustainable Palm Oil (MSPO) certification. Additionally, the company expanded its in-field mechanisation program to mitigate labor shortages, resulting in a 25% increase in worker productivity. The group also continued its commitment to zero burning and No Deforestation, No Peat, and No Exploitation (NDPE) policies.
Company: Far East Holdings Berhad
Sector: Agriculture, forestry & fishing
Country: Malaysia
Year: 2022
Type: AR2
Pages: 164
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Far East Holdings Berhad
Annual Report
The report highlights Far East Holdings Berhad's financial and sustainability performance for the fiscal year 2022. The company achieved a record revenue of RM 785.68 million and a profit before tax of RM 274.69 million, driven by higher average crude palm oil and palm kernel prices. On the sustainability front, all thirteen of the company's estates and two palm oil mills successfully maintained Malaysian Sustainable Palm Oil (MSPO) certification. Additionally, the company expanded its in-field mechanisation program to mitigate labor shortages, resulting in a 25% increase in worker productivity. The group also continued its commitment to zero burning and No Deforestation, No Peat, and No Exploitation (NDPE) policies.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Published
Apr 1, 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
Women in Management
Workplace Fatalities
Employees