Reliance Global Holdings Ltd. 2024 AR2
The report outlines the performance of Reliance Global Holdings Limited for the fiscal year ended March 31, 2024. During the year, the company faced challenging business conditions, recording a 40% decline in revenue to HK$305,613,000 and a net loss of HK$9,669,000, primarily due to a slowdown in the Chinese real estate market affecting its timber supply chain operation. Despite these challenges, the company continued to operate its money lending business, which remained profitable, and maintained its commitment to sustainable forest management with FSC and PEFC certifications. Additionally, the company implemented various energy-saving and waste reduction measures, resulting in a 23.47% decrease in total non-hazardous waste and a 38.13% decrease in total water consumption.
Company: Reliance Global Holdings Ltd.
Sector: Agriculture, forestry & fishing
Country: Hong Kong
Year: 2024
Type: AR2
Pages: 162
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Reliance Global Holdings Ltd.
Annual Report
The report outlines the performance of Reliance Global Holdings Limited for the fiscal year ended March 31, 2024. During the year, the company faced challenging business conditions, recording a 40% decline in revenue to HK$305,613,000 and a net loss of HK$9,669,000, primarily due to a slowdown in the Chinese real estate market affecting its timber supply chain operation. Despite these challenges, the company continued to operate its money lending business, which remained profitable, and maintained its commitment to sustainable forest management with FSC and PEFC certifications. Additionally, the company implemented various energy-saving and waste reduction measures, resulting in a 23.47% decrease in total non-hazardous waste and a 38.13% decrease in total water consumption.
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Document Details
Report Year
2024
Reporting Period
Apr 1, 2023 - Mar 31, 2024
Fiscal Year
2024
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
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Water Consumption
Total Waste
Workplace Fatalities
Employees