V2Y Corp Ltd 2021 AR2
The report highlights V2Y Corporation Ltd.'s strategic focus on its Insurtech business segment following the disposal of its E-Commerce and E-Logistics segments. Despite a 38.4% decrease in revenue to S$1.1 million due to global chip shortages and rising costs, the company improved its gross profit margin to 37.1% by optimizing headcount and securing higher-margin contracts. Key developments include the launch of a direct-to-consumer mobile screen protection program and a proposed acquisition of a general insurance portfolio. On the sustainability front, the company reduced its office electricity consumption by approximately 50% and significantly increased average training hours per employee to 17.5 hours.
Company: V2Y Corp Ltd
Sector: Financials
Country: Singapore
Year: 2021
Type: AR2
Pages: 178
V2Y Corp Ltd
Annual Report
The report highlights V2Y Corporation Ltd.'s strategic focus on its Insurtech business segment following the disposal of its E-Commerce and E-Logistics segments. Despite a 38.4% decrease in revenue to S$1.1 million due to global chip shortages and rising costs, the company improved its gross profit margin to 37.1% by optimizing headcount and securing higher-margin contracts. Key developments include the launch of a direct-to-consumer mobile screen protection program and a proposed acquisition of a general insurance portfolio. On the sustainability front, the company reduced its office electricity consumption by approximately 50% and significantly increased average training hours per employee to 17.5 hours.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Energy Consumption
Water Consumption
Women on Board
Workplace Fatalities
Employees