MHC Plantations Bhd. 2022 AR2
The report highlights MHC Plantations Bhd.'s financial and sustainability performance for the fiscal year 2022. The Group recorded a revenue of RM593.27 million and a profit before tax of RM80.44 million, representing a decrease in profitability primarily due to a ten percent decline in fresh fruit bunches production and rising fertilizer and labor costs. On the sustainability front, the company successfully maintained MSPO certification across all its plantations and mills, and operated two biogas power plants and one biomass power plant to mitigate greenhouse gas emissions. Additionally, the Group continued its community care initiatives, partnering with the Borneo Child Aid Society and Persatuan Orang Asli Perak to support education for children of plantation workers and indigenous communities.
Company: MHC Plantations Bhd.
Sector: Agriculture, forestry & fishing
Country: Malaysia
Year: 2022
Type: AR2
Pages: 170
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MHC Plantations Bhd.
Annual Report
The report highlights MHC Plantations Bhd.'s financial and sustainability performance for the fiscal year 2022. The Group recorded a revenue of RM593.27 million and a profit before tax of RM80.44 million, representing a decrease in profitability primarily due to a ten percent decline in fresh fruit bunches production and rising fertilizer and labor costs. On the sustainability front, the company successfully maintained MSPO certification across all its plantations and mills, and operated two biogas power plants and one biomass power plant to mitigate greenhouse gas emissions. Additionally, the Group continued its community care initiatives, partnering with the Borneo Child Aid Society and Persatuan Orang Asli Perak to support education for children of plantation workers and indigenous communities.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Published
Apr 26, 2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available