MHC Plantations Bhd. 2018 AR2
The report outlines MHC Plantations Bhd's financial and sustainability performance for the fiscal year 2018. The company recorded a revenue of RM343.45 million and a profit before tax of RM12.65 million, representing decreases from the previous year due to lower commodity prices and FFB production. On the sustainability front, the company prepared its first Sustainability Statement in accordance with Bursa Malaysia's guidelines, highlighting its commitment to the Malaysian Sustainable Palm Oil (MSPO) certification. Notably, its oil mill and nine estates in Teluk Intan achieved MSPO certification in January 2019, with remaining facilities expected to follow. Additionally, the company's biogas and biomass power plants in Sandakan contributed to a greenhouse gas reduction of 124,000 MT of CO2 per year.
Company: MHC Plantations Bhd.
Sector: Agriculture, forestry & fishing
Country: Malaysia
Year: 2018
Type: AR2
Pages: 190
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MHC Plantations Bhd.
Annual Report
The report outlines MHC Plantations Bhd's financial and sustainability performance for the fiscal year 2018. The company recorded a revenue of RM343.45 million and a profit before tax of RM12.65 million, representing decreases from the previous year due to lower commodity prices and FFB production. On the sustainability front, the company prepared its first Sustainability Statement in accordance with Bursa Malaysia's guidelines, highlighting its commitment to the Malaysian Sustainable Palm Oil (MSPO) certification. Notably, its oil mill and nine estates in Teluk Intan achieved MSPO certification in January 2019, with remaining facilities expected to follow. Additionally, the company's biogas and biomass power plants in Sandakan contributed to a greenhouse gas reduction of 124,000 MT of CO2 per year.
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Document Details
Report Year
2018
Reporting Period
Jan 1, 2018 - Dec 31, 2018
Fiscal Year
2018
Published
Apr 11, 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
Workplace Fatalities