FTN Cocoa Processors PLC 2024 AR2
The report highlights FTN Cocoa Processors PLC's operational and financial performance for the fiscal year ended December 31, 2024, including its gradual recovery and factory revitalization efforts. The company achieved a significant revenue increase to N1.376 billion in 2024 from nil in 2023, driven by strategic actions to restore factory operations and expand exports of cocoa butter to Germany and cocoa cake to the United States. On the sustainability front, the company advanced its Environmental and Social Action Plan, onboarding over 140 local farmers onto a digital payment platform and initiating polygon mapping for deforestation-free sourcing. Additionally, the company improved factory energy efficiency by reducing diesel dependence through grid connectivity and initiated a greenhouse gas inventory.
Company: FTN Cocoa Processors PLC
Sector: Consumer Staples
Country: Nigeria
Year: 2024
Type: AR2
Pages: 92
FTN Cocoa Processors PLC
Annual Report And Financial Statements
The report highlights FTN Cocoa Processors PLC's operational and financial performance for the fiscal year ended December 31, 2024, including its gradual recovery and factory revitalization efforts. The company achieved a significant revenue increase to N1.376 billion in 2024 from nil in 2023, driven by strategic actions to restore factory operations and expand exports of cocoa butter to Germany and cocoa cake to the United States. On the sustainability front, the company advanced its Environmental and Social Action Plan, onboarding over 140 local farmers onto a digital payment platform and initiating polygon mapping for deforestation-free sourcing. Additionally, the company improved factory energy efficiency by reducing diesel dependence through grid connectivity and initiated a greenhouse gas inventory.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Employees