LY Co Ltd 2024 AR2
The report highlights LY Corporation Limited's strategic acquisition of a 51% equity interest in LY Unity Group, marking its entry into Malaysia's retail market for cabinets and furniture. Despite a slow recovery in its primary US market, the company narrowed its net loss to RM7.0 million in FY2024, supported by an 11.8% increase in revenue to RM222.4 million. On the sustainability front, the company's solar photovoltaic systems generated 3,590.4 MWh of solar energy, avoiding approximately 2,722 tonnes of carbon dioxide emissions. Additionally, LY Corporation achieved 99.3% of its wood sourcing from sustainable sources and attained an average of 13.9 training hours per employee.
Company: LY Co Ltd
Sector: Manufacturing
Country: Malaysia
Year: 2024
Type: AR2
Pages: 175
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LY Co Ltd
Annual Report
The report highlights LY Corporation Limited's strategic acquisition of a 51% equity interest in LY Unity Group, marking its entry into Malaysia's retail market for cabinets and furniture. Despite a slow recovery in its primary US market, the company narrowed its net loss to RM7.0 million in FY2024, supported by an 11.8% increase in revenue to RM222.4 million. On the sustainability front, the company's solar photovoltaic systems generated 3,590.4 MWh of solar energy, avoiding approximately 2,722 tonnes of carbon dioxide emissions. Additionally, LY Corporation achieved 99.3% of its wood sourcing from sustainable sources and attained an average of 13.9 training hours per employee.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Water Consumption
Women on Board
Workplace Fatalities
Net Zero Target
Employees