TH Plantations Bhd 2022 AR2
The report highlights TH Plantations Berhad's performance for the financial year 2022, marking its 50th Golden Jubilee. The company achieved its highest-ever revenue of RM881.3 million, a 15.8% increase from the previous year, supported by higher average realised prices for palm products. Despite facing acute labour shortages, the Group successfully completed its RM1.08 billion Sukuk Wakalah restructuring, significantly improving liquidity. On the sustainability front, all estates and mills maintained MSPO and MSPO SCCS certifications, and the company invested in green initiatives, including installing Electrostatic Precipitator Systems and partnering in a forest rehabilitation project.
Company: TH Plantations Bhd
Sector: Consumer Staples
Country: Malaysia
Year: 2022
Type: AR2
Pages: 130
TH Plantations Bhd
Annual Report
The report highlights TH Plantations Berhad's performance for the financial year 2022, marking its 50th Golden Jubilee. The company achieved its highest-ever revenue of RM881.3 million, a 15.8% increase from the previous year, supported by higher average realised prices for palm products. Despite facing acute labour shortages, the Group successfully completed its RM1.08 billion Sukuk Wakalah restructuring, significantly improving liquidity. On the sustainability front, all estates and mills maintained MSPO and MSPO SCCS certifications, and the company invested in green initiatives, including installing Electrostatic Precipitator Systems and partnering in a forest rehabilitation project.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Published
Apr 3, 2023
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
Water Consumption
Workplace Fatalities
Employees