Thoresen Thai Agencies PCL 2015 AR2
The report highlights Thoresen Thai Agencies Public Company Limited's (TTA) performance and strategic initiatives during the fiscal year 2015, a period marked by significant volatility in the dry bulk shipping and offshore oil and gas sectors. Despite facing severe industry downturns and recognizing non-cash asset impairments of Baht 11.5 billion, the company maintained a strong financial position with Baht 13.4 billion in cash and short-term investments and a positive EBITDA of Baht 1.8 billion. Key achievements included the successful listing of PM Thoresen Asia Holdings (PMTA) on the Stock Exchange of Thailand and the expansion of its fertilizer and factory leasing business. TTA also advanced its diversification strategy into the food and beverage sector by acquiring a stake in Sino Grandness and established a joint venture with Suez Environnement to pursue sustainable water and waste projects.
Company: Thoresen Thai Agencies PCL
Sector: Industrials
Country: Thailand
Year: 2015
Type: AR2
Pages: 242
Thoresen Thai Agencies PCL
Annual Report
The report highlights Thoresen Thai Agencies Public Company Limited's (TTA) performance and strategic initiatives during the fiscal year 2015, a period marked by significant volatility in the dry bulk shipping and offshore oil and gas sectors. Despite facing severe industry downturns and recognizing non-cash asset impairments of Baht 11.5 billion, the company maintained a strong financial position with Baht 13.4 billion in cash and short-term investments and a positive EBITDA of Baht 1.8 billion. Key achievements included the successful listing of PM Thoresen Asia Holdings (PMTA) on the Stock Exchange of Thailand and the expansion of its fertilizer and factory leasing business. TTA also advanced its diversification strategy into the food and beverage sector by acquiring a stake in Sino Grandness and established a joint venture with Suez Environnement to pursue sustainable water and waste projects.
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Document Details
Report Year
2015
Reporting Period
Jan 1, 2015 - Dec 31, 2015
Fiscal Year
2015
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Workplace Fatalities
Employees