HHRG Berhad 2022 AR2
The report highlights Heng Huat Resources Group Berhad's financial and operational performance for the fiscal year 2022, showcasing a significant revenue increase of 40.64% to RM103.50 million and a turnaround to a net profit of RM14.76 million. The company successfully completed several corporate exercises, including a rights issue with warrants and the acquisition of a 51% stake in MG Furniture Sdn. Bhd., expanding its business into furniture manufacturing and export. Heng Huat also diversified into property development with the acquisition of the Kulim Land. In terms of sustainability, the company emphasized its commitment to eco-friendly biomass manufacturing, converting coconut husks and oil palm empty fruit bunches into value-added products, while implementing environmental protection measures such as scrubbers and bag filter systems.
Company: HHRG Berhad
Sector: Manufacturing
Country: Malaysia
Year: 2022
Type: AR2
Pages: 166
Back to company
HHRG Berhad
Annual Report
The report highlights Heng Huat Resources Group Berhad's financial and operational performance for the fiscal year 2022, showcasing a significant revenue increase of 40.64% to RM103.50 million and a turnaround to a net profit of RM14.76 million. The company successfully completed several corporate exercises, including a rights issue with warrants and the acquisition of a 51% stake in MG Furniture Sdn. Bhd., expanding its business into furniture manufacturing and export. Heng Huat also diversified into property development with the acquisition of the Kulim Land. In terms of sustainability, the company emphasized its commitment to eco-friendly biomass manufacturing, converting coconut husks and oil palm empty fruit bunches into value-added products, while implementing environmental protection measures such as scrubbers and bag filter systems.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2022
Reporting Period
Apr 1, 2021 - Mar 31, 2022
Fiscal Year
2022
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