Heng Hup Holdings Ltd 2023 AR2
The report highlights Heng Hup Holdings Limited's financial and sustainability performance for the fiscal year ended December 31, 2023. Despite a slight decline in revenue to RM1.35 billion due to lower scrap metal prices, the company achieved a fivefold increase in profit after tax to RM8.24 million, driven by improved procurement and operational efficiency. Heng Hup expanded its geographical footprint by establishing a new scrapyard in Kedah and ventured into steel slag recycling and iron ore trading. On the ESG front, the company established environmental targets for emissions, energy, water, and waste, and contributed RM124,000 to charity organizations in Malaysia.
Company: Heng Hup Holdings Ltd
Sector: Water & waste services
Country: Malaysia
Year: 2023
Type: AR2
Pages: 137
Back to company
Heng Hup Holdings Ltd
Annual Report
The report highlights Heng Hup Holdings Limited's financial and sustainability performance for the fiscal year ended December 31, 2023. Despite a slight decline in revenue to RM1.35 billion due to lower scrap metal prices, the company achieved a fivefold increase in profit after tax to RM8.24 million, driven by improved procurement and operational efficiency. Heng Hup expanded its geographical footprint by establishing a new scrapyard in Kedah and ventured into steel slag recycling and iron ore trading. On the ESG front, the company established environmental targets for emissions, energy, water, and waste, and contributed RM124,000 to charity organizations in Malaysia.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
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
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Water Consumption
Women on Board
Employees