Perdana Petroleum Bhd 2019 AR2
The report highlights Perdana Petroleum Berhad's financial and operational recovery in 2019, with revenue increasing by 27% to RM240.0 million and net losses narrowing to RM23.0 million. The Group successfully completed its debt restructuring exercise, significantly reducing its net gearing to 0.1 times. Operationally, vessel utilization improved to 70% from 64% in 2018, supported by strong synergy with Dayang Group and major contract wins. On sustainability, the company continued to embed ESG practices, focusing on safety, compliance, and employee training, recording 3,750 total training hours.
Company: Perdana Petroleum Bhd
Sector: Transport & logistics
Country: Malaysia
Year: 2019
Type: AR2
Pages: 186
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Perdana Petroleum Bhd
Annual Report
The report highlights Perdana Petroleum Berhad's financial and operational recovery in 2019, with revenue increasing by 27% to RM240.0 million and net losses narrowing to RM23.0 million. The Group successfully completed its debt restructuring exercise, significantly reducing its net gearing to 0.1 times. Operationally, vessel utilization improved to 70% from 64% in 2018, supported by strong synergy with Dayang Group and major contract wins. On sustainability, the company continued to embed ESG practices, focusing on safety, compliance, and employee training, recording 3,750 total training hours.
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Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
Published
May 28, 2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Employees