Mieco Chipboard Berhad 2016 AR2
The report highlights Mieco Chipboard Berhad's financial and operational performance for the fiscal year 2016. The company achieved a significant milestone with a 289% increase in pre-tax profit to RM72.5 million, driven by a one-off gain from the disposal of Mieco Wood Products Sdn Bhd and a write-back of impairment on the Lipis plant. Operationally, the company completed the relocation of its Semambu operations to Gebeng to centralize value-added production and improve cost efficiency. In terms of corporate social responsibility, the company engaged in community support, environmental initiatives like the 'Green The Earth Programme,' and employee welfare activities.
Company: Mieco Chipboard Berhad
Sector: Manufacturing
Country: Malaysia
Year: 2016
Type: AR2
Pages: 123
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Mieco Chipboard Berhad
Annual Report
The report highlights Mieco Chipboard Berhad's financial and operational performance for the fiscal year 2016. The company achieved a significant milestone with a 289% increase in pre-tax profit to RM72.5 million, driven by a one-off gain from the disposal of Mieco Wood Products Sdn Bhd and a write-back of impairment on the Lipis plant. Operationally, the company completed the relocation of its Semambu operations to Gebeng to centralize value-added production and improve cost efficiency. In terms of corporate social responsibility, the company engaged in community support, environmental initiatives like the 'Green The Earth Programme,' and employee welfare activities.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
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