Massy Holdings Ltd 2020 Annual Report with Sustainability Disclosures
The report highlights Massy Group's performance for the fiscal year ended September 30, 2020, demonstrating resilience during the COVID-19 pandemic. The Group grew its Profit After Tax by 21.2% to TT$ 743 million, driven by strong performances in its core portfolios—Integrated Retail, Gas Products, and Motors & Machines—and a significant gain from the divestment of its Information Technology & Communications business. Massy also launched 'Nudge', a social enterprise to support local entrepreneurs, and implemented a strengthened governance model with increased portfolio autonomy. Despite economic challenges in Trinidad and Tobago and Barbados, the Group expanded its footprint, including entering the LPG market in Colombia.
Company: Massy Holdings Ltd
Sector: Wholesale & retail
Country: Trinidad and Tobago
Year: 2020
Type: Annual Report with Sustainability Disclosures
Pages: 191
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Massy Holdings Ltd
Annual Report
The report highlights Massy Group's performance for the fiscal year ended September 30, 2020, demonstrating resilience during the COVID-19 pandemic. The Group grew its Profit After Tax by 21.2% to TT$ 743 million, driven by strong performances in its core portfolios—Integrated Retail, Gas Products, and Motors & Machines—and a significant gain from the divestment of its Information Technology & Communications business. Massy also launched 'Nudge', a social enterprise to support local entrepreneurs, and implemented a strengthened governance model with increased portfolio autonomy. Despite economic challenges in Trinidad and Tobago and Barbados, the Group expanded its footprint, including entering the LPG market in Colombia.
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Document Details
Report Year
2020
Reporting Period
Oct 1, 2019 - Sep 30, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees