UIE PLC 2022 AR2
The report highlights UIE's operational and financial performance for 2022, navigating global economic headwinds and severe labor shortages in its main agricultural investment, United Plantations (UP). Despite these challenges, UP achieved a record-high net profit of MYR 606 million, driven by higher selling prices for crude palm oil and palm kernel. UIE's overall net result was a loss of USD 22.1 million, primarily due to a significant fair value decrease in its Schörling investment amid global equity market turmoil. On the sustainability front, UP reduced its greenhouse gas footprint to 1.39 kg CO2-eq./kg NBD oil, representing a 62% reduction since 2004, and was ranked first in Malaysia in the SPOTT assessment.
Company: UIE PLC
Sector: Consumer Staples
Country: Malta
Year: 2022
Type: AR2
Pages: 116
UIE PLC
Annual Report
The report highlights UIE's operational and financial performance for 2022, navigating global economic headwinds and severe labor shortages in its main agricultural investment, United Plantations (UP). Despite these challenges, UP achieved a record-high net profit of MYR 606 million, driven by higher selling prices for crude palm oil and palm kernel. UIE's overall net result was a loss of USD 22.1 million, primarily due to a significant fair value decrease in its Schörling investment amid global equity market turmoil. On the sustainability front, UP reduced its greenhouse gas footprint to 1.39 kg CO2-eq./kg NBD oil, representing a 62% reduction since 2004, and was ranked first in Malaysia in the SPOTT assessment.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Published
Mar 2, 2023
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