First Resources Ltd 2016 AR2
The report highlights First Resources Limited's financial and operational performance for the fiscal year 2016. Despite a 5.1% decline in Fresh Fruit Bunches (FFB) production to 2.66 million tonnes due to El Nino, the company achieved a 26.8% increase in sales to US$575.2 million and a 31.1% increase in net profit to US$125.4 million, driven by higher crude palm oil and palm kernel prices. On the sustainability front, the company progressed with its Sustainable Palm Oil Policy, achieving 90% traceability of FFB to plantations, commissioning its 14th CPO mill, and completing three methane capture facilities.
Company: First Resources Ltd
Sector: Agriculture, forestry & fishing
Country: Singapore
Year: 2016
Type: AR2
Pages: 156
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First Resources Ltd
Annual Report
The report highlights First Resources Limited's financial and operational performance for the fiscal year 2016. Despite a 5.1% decline in Fresh Fruit Bunches (FFB) production to 2.66 million tonnes due to El Nino, the company achieved a 26.8% increase in sales to US$575.2 million and a 31.1% increase in net profit to US$125.4 million, driven by higher crude palm oil and palm kernel prices. On the sustainability front, the company progressed with its Sustainable Palm Oil Policy, achieving 90% traceability of FFB to plantations, commissioning its 14th CPO mill, and completing three methane capture facilities.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board