Magma Group Berhad 2023 AR2
The report outlines Magma Group Berhad's strategic transition from Impiana Hotels Berhad, highlighting its diversification beyond hospitality into property development. In 2023, the company focused on enhancing operational efficiency, resulting in a reduced Loss After Tax of RM13.10 million. On the sustainability front, Magma Group implemented key energy-saving initiatives, such as replacing diesel-powered boilers with heat pump technology at Impiana Hotel Ipoh, and achieved a 99.10% proportion of spending on local suppliers. The group also prioritized employee wellness, diversity, and community engagement through various outreach programs.
Company: Magma Group Berhad
Sector: Hospitality & food services
Country: Malaysia
Year: 2023
Type: AR2
Pages: 171
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Magma Group Berhad
Annual Report
The report outlines Magma Group Berhad's strategic transition from Impiana Hotels Berhad, highlighting its diversification beyond hospitality into property development. In 2023, the company focused on enhancing operational efficiency, resulting in a reduced Loss After Tax of RM13.10 million. On the sustainability front, Magma Group implemented key energy-saving initiatives, such as replacing diesel-powered boilers with heat pump technology at Impiana Hotel Ipoh, and achieved a 99.10% proportion of spending on local suppliers. The group also prioritized employee wellness, diversity, and community engagement through various outreach programs.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
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
Energy Consumption
Water Consumption
Women on Board
Women in Management
Workplace Fatalities
Employees