TAFI Industries Berhad 2020 AR2
The report highlights TAFI Industries Berhad's performance for the fiscal year 2020, during which the company registered a total revenue of RM29.387 million, representing an 8.06% increase from the previous year. Despite the revenue growth, the group recorded a loss before tax of RM9.408 million, primarily due to rising material, labor, and overhead costs, alongside a flood-related loss of RM1.267 million. In early 2021, the group diversified its core business to include property development and construction activities to enhance future earnings. On the sustainability front, the company maintained its FSC certification, achieved zero fatal accidents, and implemented various energy-saving and waste-reduction initiatives.
Company: TAFI Industries Berhad
Sector: Manufacturing
Country: Malaysia
Year: 2020
Type: AR2
Pages: 203
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TAFI Industries Berhad
Annual Report
The report highlights TAFI Industries Berhad's performance for the fiscal year 2020, during which the company registered a total revenue of RM29.387 million, representing an 8.06% increase from the previous year. Despite the revenue growth, the group recorded a loss before tax of RM9.408 million, primarily due to rising material, labor, and overhead costs, alongside a flood-related loss of RM1.267 million. In early 2021, the group diversified its core business to include property development and construction activities to enhance future earnings. On the sustainability front, the company maintained its FSC certification, achieved zero fatal accidents, and implemented various energy-saving and waste-reduction initiatives.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
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
Workplace Fatalities
Employees