Nam Cheong Ltd 2016 AR2
The report highlights Nam Cheong Limited's performance and operations for the fiscal year 2016, a period marked by significant headwinds in the offshore and marine industry due to depressed oil prices. The company recorded a revenue of RM170.4 million, down 82% from the previous year, resulting in a net loss of RM42.8 million. Despite the challenging environment, Nam Cheong maintained a consistent gross profit margin of 17% in its shipbuilding segment by outsourcing operations to China and managing costs efficiently. In terms of corporate social responsibility, the company focused on sustainable environmental development through 'Clean Class/Clean Design' vessels and supported community initiatives, including funding the Dignity for Children's Foundation.
Company: Nam Cheong Ltd
Sector: Manufacturing
Country: Singapore
Year: 2016
Type: AR2
Pages: 152
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Nam Cheong Ltd
Annual Report
The report highlights Nam Cheong Limited's performance and operations for the fiscal year 2016, a period marked by significant headwinds in the offshore and marine industry due to depressed oil prices. The company recorded a revenue of RM170.4 million, down 82% from the previous year, resulting in a net loss of RM42.8 million. Despite the challenging environment, Nam Cheong maintained a consistent gross profit margin of 17% in its shipbuilding segment by outsourcing operations to China and managing costs efficiently. In terms of corporate social responsibility, the company focused on sustainable environmental development through 'Clean Class/Clean Design' vessels and supported community initiatives, including funding the Dignity for Children's Foundation.
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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
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available