Hiap Teck Venture Bhd 2021 AR2
The report highlights Hiap Teck Venture Berhad's financial and sustainability performance for the fiscal year ended July 31, 2021. The company achieved its highest-ever net profit of RM163.52 million, driven by strong steel prices and the successful turnaround of its joint venture, Eastern Steel Sdn. Bhd. (ESSB). In terms of sustainability, the company successfully vaccinated over 99% of its employees against COVID-19 and maintained its record of zero workplace fatalities. Additionally, ESSB progressed its environmental efforts by engaging third-party monitoring for emissions and water quality, while continuing cost-saving measures through its new coke oven plant.
Company: Hiap Teck Venture Bhd
Sector: Materials
Country: Malaysia
Year: 2021
Type: AR2
Pages: 156
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Hiap Teck Venture Bhd
Annual Report
The report highlights Hiap Teck Venture Berhad's financial and sustainability performance for the fiscal year ended July 31, 2021. The company achieved its highest-ever net profit of RM163.52 million, driven by strong steel prices and the successful turnaround of its joint venture, Eastern Steel Sdn. Bhd. (ESSB). In terms of sustainability, the company successfully vaccinated over 99% of its employees against COVID-19 and maintained its record of zero workplace fatalities. Additionally, ESSB progressed its environmental efforts by engaging third-party monitoring for emissions and water quality, while continuing cost-saving measures through its new coke oven plant.
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Document Details
Report Year
2021
Reporting Period
Aug 1, 2020 - Jul 31, 2021
Fiscal Year
2021
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