Maybulk Bhd 2019 AR2
The report highlights Malaysian Bulk Carriers Berhad's performance for the fiscal year 2019, during which the company grew its net revenue by 4% year-on-year to RM206.5 million despite a challenging macroeconomic environment. The group continued its fleet renewal program by divesting ageing assets and taking delivery of two new Kamsarmax vessels, Alam Kukuh and Alam Kuasa. It also retrofitted two Supramax vessels with exhaust gas cleaning systems to comply with the new IMO 2020 sulphur limit regulations. Although the company reported a pre-tax loss of RM6.1 million, it maintained operational resilience and generated positive net cash of RM110.1 million from operating activities.
Company: Maybulk Bhd
Sector: Transport & logistics
Country: Malaysia
Year: 2019
Type: AR2
Pages: 110
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Maybulk Bhd
Annual Report
The report highlights Malaysian Bulk Carriers Berhad's performance for the fiscal year 2019, during which the company grew its net revenue by 4% year-on-year to RM206.5 million despite a challenging macroeconomic environment. The group continued its fleet renewal program by divesting ageing assets and taking delivery of two new Kamsarmax vessels, Alam Kukuh and Alam Kuasa. It also retrofitted two Supramax vessels with exhaust gas cleaning systems to comply with the new IMO 2020 sulphur limit regulations. Although the company reported a pre-tax loss of RM6.1 million, it maintained operational resilience and generated positive net cash of RM110.1 million from operating activities.
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Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Women on Board
Workplace Fatalities