MAG Holdings Bhd 2024 AR2
The report highlights MAG Holdings Berhad's financial and sustainability progress for the fiscal year ended June 30, 2024. The company achieved a 51.3% revenue increase to RM305.07 million, driven by strong demand for premium prawns. On the sustainability front, MAG expanded its aquaculture operations to 384 cultivation ponds and continued implementing eco-friendly farming practices, including myGAP-certified farms. Key environmental initiatives included resource efficiency improvements, such as replacing paddle wheels with energy-efficient air blowers, and researching methods to convert pond sludge into organic fertilizer. Additionally, the company prioritized local sourcing, allocating 99% of its procurement budget to local vendors.
Company: MAG Holdings Bhd
Sector: Agriculture, forestry & fishing
Country: Malaysia
Year: 2024
Type: AR2
Pages: 140
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MAG Holdings Bhd
Annual Report
The report highlights MAG Holdings Berhad's financial and sustainability progress for the fiscal year ended June 30, 2024. The company achieved a 51.3% revenue increase to RM305.07 million, driven by strong demand for premium prawns. On the sustainability front, MAG expanded its aquaculture operations to 384 cultivation ponds and continued implementing eco-friendly farming practices, including myGAP-certified farms. Key environmental initiatives included resource efficiency improvements, such as replacing paddle wheels with energy-efficient air blowers, and researching methods to convert pond sludge into organic fertilizer. Additionally, the company prioritized local sourcing, allocating 99% of its procurement budget to local vendors.
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Document Details
Report Year
2024
Reporting Period
Jul 1, 2023 - Jun 30, 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
Women on Board