SCGM Bhd 2023 AR2
The report outlines SCGM BHD's transition to an investment holding company following the disposal of its wholly-owned subsidiary, Lee Soon Seng Plastic Industries Sdn Bhd, in August 2022. The company recorded a net profit of RM329.1 million for the financial year ended April 30, 2023, primarily driven by the gain on this disposal. SCGM BHD is actively identifying and acquiring new suitable businesses or assets to regularize its condition as a Cash Company. The report includes a Sustainability Statement aligned with nine United Nations Sustainable Development Goals, highlighting the company's commitment to environmental compliance, energy efficiency, and diversity.
Company: SCGM Bhd
Sector: Materials
Country: Malaysia
Year: 2023
Type: AR2
Pages: 144
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SCGM Bhd
Annual Report
The report outlines SCGM BHD's transition to an investment holding company following the disposal of its wholly-owned subsidiary, Lee Soon Seng Plastic Industries Sdn Bhd, in August 2022. The company recorded a net profit of RM329.1 million for the financial year ended April 30, 2023, primarily driven by the gain on this disposal. SCGM BHD is actively identifying and acquiring new suitable businesses or assets to regularize its condition as a Cash Company. The report includes a Sustainability Statement aligned with nine United Nations Sustainable Development Goals, highlighting the company's commitment to environmental compliance, energy efficiency, and diversity.
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Document Details
Report Year
2023
Reporting Period
May 1, 2022 - Apr 30, 2023
Fiscal Year
2023
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