Hiap Teck Venture Bhd 2018 AR2
The report highlights Hiap Teck Venture Berhad's performance and sustainability initiatives for the fiscal year ended July 31, 2018. Despite a challenging market, the company successfully turned around to record a profit before tax of RM48.37 million, compared to a loss before tax of RM74.82 million in the preceding year. This positive performance was driven by higher sales volume and a lower share of losses from its joint venture, Eastern Steel Sdn. Bhd. (ESSB), which successfully resumed production on July 16, 2018. On the sustainability front, the company continued to prioritize employee health and safety, successfully reducing work-related accident cases to 13 during the year, and engaged in various community and green initiatives.
Company: Hiap Teck Venture Bhd
Sector: Materials
Country: Malaysia
Year: 2018
Type: AR2
Pages: 146
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Hiap Teck Venture Bhd
Annual Report
The report highlights Hiap Teck Venture Berhad's performance and sustainability initiatives for the fiscal year ended July 31, 2018. Despite a challenging market, the company successfully turned around to record a profit before tax of RM48.37 million, compared to a loss before tax of RM74.82 million in the preceding year. This positive performance was driven by higher sales volume and a lower share of losses from its joint venture, Eastern Steel Sdn. Bhd. (ESSB), which successfully resumed production on July 16, 2018. On the sustainability front, the company continued to prioritize employee health and safety, successfully reducing work-related accident cases to 13 during the year, and engaged in various community and green initiatives.
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Document Details
Report Year
2018
Reporting Period
Aug 1, 2017 - Jul 31, 2018
Fiscal Year
2018
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available