Malaysia Marine and Heavy Engineering Holdings Bhd 2017 AR2
The report highlights Malaysia Marine and Heavy Engineering Holdings Berhad's (MHB) performance and sustainability initiatives for the fiscal year 2017. During the year, MHB undertook a major re-branding initiative, revitalizing its corporate statements and adopting PETRONAS' cultural beliefs. Financially, the company returned to profitability with a profit after tax of RM32.4 million, despite a 20% decline in revenue to RM956.4 million. In its operations, the Heavy Engineering segment delivered five offshore projects, including the F12 and Besar A wellhead platforms, while the Marine segment completed repairs on 75 vessels. MHB also progressed with its yard optimization, including the construction of Dry Dock 3, expected to be operational in 2020.
Company: Malaysia Marine and Heavy Engineering Holdings Bhd
Sector: Manufacturing
Country: Malaysia
Year: 2017
Type: AR2
Pages: 192
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Malaysia Marine and Heavy Engineering Holdings Bhd
Annual Report
The report highlights Malaysia Marine and Heavy Engineering Holdings Berhad's (MHB) performance and sustainability initiatives for the fiscal year 2017. During the year, MHB undertook a major re-branding initiative, revitalizing its corporate statements and adopting PETRONAS' cultural beliefs. Financially, the company returned to profitability with a profit after tax of RM32.4 million, despite a 20% decline in revenue to RM956.4 million. In its operations, the Heavy Engineering segment delivered five offshore projects, including the F12 and Besar A wellhead platforms, while the Marine segment completed repairs on 75 vessels. MHB also progressed with its yard optimization, including the construction of Dry Dock 3, expected to be operational in 2020.
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Document Details
Report Year
2017
Reporting Period
Jan 1, 2017 - Dec 31, 2017
Fiscal Year
2017
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:
Water Consumption
Women on Board
Women in Management
Workplace Fatalities
Employees