IFS Capital Ltd 2016 AR2
The report highlights IFS Capital Limited's efforts to restructure its business and return to profitability in 2016, achieving a pre-tax gain of S$232,000. The company strengthened its financial position through a S$50 million Rights Issue, raising its equity position to S$151 million. In terms of sustainability, IFS Capital focused on its core factoring business, tightened risk management, and streamlined operations using technology to improve efficiency and reduce waste. The company also formalized its corporate social responsibility efforts, partnering with Willing Hearts to engage employees in long-term volunteer work.
Company: IFS Capital Ltd
Sector: Financials
Country: Singapore
Year: 2016
Type: AR2
Pages: 168
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IFS Capital Ltd
Annual Report
The report highlights IFS Capital Limited's efforts to restructure its business and return to profitability in 2016, achieving a pre-tax gain of S$232,000. The company strengthened its financial position through a S$50 million Rights Issue, raising its equity position to S$151 million. In terms of sustainability, IFS Capital focused on its core factoring business, tightened risk management, and streamlined operations using technology to improve efficiency and reduce waste. The company also formalized its corporate social responsibility efforts, partnering with Willing Hearts to engage employees in long-term volunteer work.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
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