United Palm Oil Industry PCL 2016 AR2
The report outlines United Palm Oil Industry Public Company Limited's financial and operational performance for 2016, alongside its corporate social responsibility initiatives. During the year, the company adopted the TAS 41 Agriculture accounting standard, recognizing biological assets at fair value. Operationally, the company faced a 35.6% decrease in processed fresh fruit bunches due to severe drought and expired concession lands. Despite lower sales volume, the company recorded a net profit of 72 million Baht, recovering from a net loss in 2015. Additionally, the company maintained its commitment to sustainable palm oil production under the RSPO scheme and supported local community development projects.
Company: United Palm Oil Industry PCL
Sector: Consumer Staples
Country: Thailand
Year: 2016
Type: AR2
Pages: 110
United Palm Oil Industry PCL
Annual Report
The report outlines United Palm Oil Industry Public Company Limited's financial and operational performance for 2016, alongside its corporate social responsibility initiatives. During the year, the company adopted the TAS 41 Agriculture accounting standard, recognizing biological assets at fair value. Operationally, the company faced a 35.6% decrease in processed fresh fruit bunches due to severe drought and expired concession lands. Despite lower sales volume, the company recorded a net profit of 72 million Baht, recovering from a net loss in 2015. Additionally, the company maintained its commitment to sustainable palm oil production under the RSPO scheme and supported local community development projects.
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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
No data available