New Toyo International Holdings Ltd 2020 AR2
The report highlights New Toyo International Holdings Ltd's financial and operational performance for the fiscal year 2020, during which the Group successfully navigated the challenges of the COVID-19 pandemic. Despite a 19.5% decrease in turnover to S$242.4 million, the Group achieved a net profit of S$7.5 million, reversing a net loss of S$18.1 million in FY2019. This improvement was largely driven by the strategic cessation of tissue manufacturing operations in late 2019 and cost-saving measures. In terms of sustainability, the Group focused on strengthening core capabilities, reducing waste, adopting water-based lacquers, and maintaining workplace safety and equal employment opportunities.
Company: New Toyo International Holdings Ltd
Sector: Manufacturing
Country: Singapore
Year: 2020
Type: AR2
Pages: 143
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New Toyo International Holdings Ltd
Annual Report
The report highlights New Toyo International Holdings Ltd's financial and operational performance for the fiscal year 2020, during which the Group successfully navigated the challenges of the COVID-19 pandemic. Despite a 19.5% decrease in turnover to S$242.4 million, the Group achieved a net profit of S$7.5 million, reversing a net loss of S$18.1 million in FY2019. This improvement was largely driven by the strategic cessation of tissue manufacturing operations in late 2019 and cost-saving measures. In terms of sustainability, the Group focused on strengthening core capabilities, reducing waste, adopting water-based lacquers, and maintaining workplace safety and equal employment opportunities.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board