Thoresen Thai Agencies PCL 2016 AR2
The report outlines Thoresen Thai Agencies Public Company Limited's financial and operational performance for the fiscal year 2016, highlighting its resilience during a severe shipping industry downturn. Despite the Baltic Dry Index hitting a 30-year low, the company achieved a consolidated EBITDA of Baht 2 billion, representing an 11% year-on-year increase. Key developments included strategic fleet renewal in its dry bulk shipping segment, contract extensions to 2019 for its offshore drilling rigs, and expansion into sustainable water infrastructure through a joint venture with Suez Environnement. Additionally, the company maintained a strong balance sheet with Baht 10.7 billion in cash and short-term investments while continuing its commitment to corporate social responsibility and environmental protection.
Company: Thoresen Thai Agencies PCL
Sector: Industrials
Country: Thailand
Year: 2016
Type: AR2
Pages: 222
Thoresen Thai Agencies PCL
Annual Report
The report outlines Thoresen Thai Agencies Public Company Limited's financial and operational performance for the fiscal year 2016, highlighting its resilience during a severe shipping industry downturn. Despite the Baltic Dry Index hitting a 30-year low, the company achieved a consolidated EBITDA of Baht 2 billion, representing an 11% year-on-year increase. Key developments included strategic fleet renewal in its dry bulk shipping segment, contract extensions to 2019 for its offshore drilling rigs, and expansion into sustainable water infrastructure through a joint venture with Suez Environnement. Additionally, the company maintained a strong balance sheet with Baht 10.7 billion in cash and short-term investments while continuing its commitment to corporate social responsibility and environmental protection.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
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