Sipef NV 2008 AR2
The report highlights the exceptional performance of the SIPEF Group during the 2008 fiscal year, driven by historically high commodity prices for palm oil, rubber, and tea. The group achieved a record high net IFRS result of KUSD 58,765, representing a 24.3% increase over the previous year, and transitioned to a net cash position of KUSD 14,453. Key operational milestones included expanding oil palm plantings at Umbul Mas Wisesa and PT Toton to a total of 5,706 hectares, and successfully passing the RSPO certification audit for Hargy Oil Palms in Papua New Guinea. Additionally, the group advanced its environmental initiatives by implementing methane gas flaring at two North Sumatra palm oil mills to obtain carbon credits.
Company: Sipef NV
Sector: Agriculture, forestry & fishing
Country: Belgium
Year: 2008
Type: AR2
Pages: 114
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Sipef NV
Annual Report
The report highlights the exceptional performance of the SIPEF Group during the 2008 fiscal year, driven by historically high commodity prices for palm oil, rubber, and tea. The group achieved a record high net IFRS result of KUSD 58,765, representing a 24.3% increase over the previous year, and transitioned to a net cash position of KUSD 14,453. Key operational milestones included expanding oil palm plantings at Umbul Mas Wisesa and PT Toton to a total of 5,706 hectares, and successfully passing the RSPO certification audit for Hargy Oil Palms in Papua New Guinea. Additionally, the group advanced its environmental initiatives by implementing methane gas flaring at two North Sumatra palm oil mills to obtain carbon credits.
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Document Details
Report Year
2008
Reporting Period
Jan 1, 2008 - Dec 31, 2008
Fiscal Year
2008
Published
Jun 10, 2009
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Assurance
Assurance Provider
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available