Hiap Teck Venture Bhd 2020 AR2
The report highlights Hiap Teck Venture Berhad's performance and sustainability initiatives for the fiscal year ended July 31, 2020. Despite the severe disruptions caused by the COVID-19 pandemic and the implementation of the Movement Control Order in Malaysia, the company remained profitable, recording a net profit after tax of RM4.60 million. Its joint venture, Eastern Steel Sdn. Bhd. (ESSB), achieved a significant milestone by producing 798,512 MT of steel products and posting a profit after tax of RM110.97 million, aided by the completion of its 55 MW power plant. On the sustainability front, the company successfully reduced workplace accidents to seven cases, maintaining its zero-fatality record, and contributed RM500,000 to 'The Edge COVID-19 Pandemic Funds' to support healthcare workers.
Company: Hiap Teck Venture Bhd
Sector: Materials
Country: Malaysia
Year: 2020
Type: AR2
Pages: 164
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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, 2020. Despite the severe disruptions caused by the COVID-19 pandemic and the implementation of the Movement Control Order in Malaysia, the company remained profitable, recording a net profit after tax of RM4.60 million. Its joint venture, Eastern Steel Sdn. Bhd. (ESSB), achieved a significant milestone by producing 798,512 MT of steel products and posting a profit after tax of RM110.97 million, aided by the completion of its 55 MW power plant. On the sustainability front, the company successfully reduced workplace accidents to seven cases, maintaining its zero-fatality record, and contributed RM500,000 to 'The Edge COVID-19 Pandemic Funds' to support healthcare workers.
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Document Details
Report Year
2020
Reporting Period
Aug 1, 2019 - Jul 31, 2020
Fiscal Year
2020
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
Workplace Fatalities