Tropical Battery Co Ltd 2024 AR2
The report highlights Tropical Battery Company Limited's exceptional financial and operational growth during the 2024 fiscal year, driven by strategic acquisitions and regional expansion. The company achieved a record revenue of JMD 5.62 billion, representing a 100.7% year-over-year increase, largely supported by the acquisition of Rose Batteries in the United States and a 51% investment in Kaya Energy Group in the Dominican Republic. On the sustainability front, Tropical Battery advanced its environmental commitment through its 'Going Green Initiative,' expanding spent battery collections for recycling and launching electric vehicle sales under its Tropical Mobility subsidiary. Additionally, the company participated in key energy efficiency upgrades for public facilities in Jamaica and maintained rigorous safety standards across its operations.
Company: Tropical Battery Co Ltd
Sector: Consumer Discretionary
Country: Jamaica
Year: 2024
Type: AR2
Pages: 142
Tropical Battery Co Ltd
Annual Report
The report highlights Tropical Battery Company Limited's exceptional financial and operational growth during the 2024 fiscal year, driven by strategic acquisitions and regional expansion. The company achieved a record revenue of JMD 5.62 billion, representing a 100.7% year-over-year increase, largely supported by the acquisition of Rose Batteries in the United States and a 51% investment in Kaya Energy Group in the Dominican Republic. On the sustainability front, Tropical Battery advanced its environmental commitment through its 'Going Green Initiative,' expanding spent battery collections for recycling and launching electric vehicle sales under its Tropical Mobility subsidiary. Additionally, the company participated in key energy efficiency upgrades for public facilities in Jamaica and maintained rigorous safety standards across its operations.
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Document Details
Report Year
2024
Reporting Period
Oct 1, 2023 - Sep 30, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
No data available