Sarawak Oil Palms Bhd 2016 AR2
The report highlights Sarawak Oil Palms Berhad's financial and operational performance for the fiscal year 2016, alongside its sustainability initiatives. Despite an 11% decrease in fresh fruit bunches production due to El-Nino, the company achieved a 54.8% increase in profit after tax, driven by higher palm oil prices. Key developments included the acquisition of Shin Yang Oil Palm (Sarawak) Sdn Bhd, expanding the company's planted area to 87,744 hectares. On the sustainability front, the Group advanced its commitment to zero-burning practices, integrated pest management, and Malaysian Sustainable Palm Oil (MSPO) certification, aiming for full certification of its mills and estates.
Company: Sarawak Oil Palms Bhd
Sector: Consumer Staples
Country: Malaysia
Year: 2016
Type: AR2
Pages: 166
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Sarawak Oil Palms Bhd
Annual Report
The report highlights Sarawak Oil Palms Berhad's financial and operational performance for the fiscal year 2016, alongside its sustainability initiatives. Despite an 11% decrease in fresh fruit bunches production due to El-Nino, the company achieved a 54.8% increase in profit after tax, driven by higher palm oil prices. Key developments included the acquisition of Shin Yang Oil Palm (Sarawak) Sdn Bhd, expanding the company's planted area to 87,744 hectares. On the sustainability front, the Group advanced its commitment to zero-burning practices, integrated pest management, and Malaysian Sustainable Palm Oil (MSPO) certification, aiming for full certification of its mills and estates.
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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