Wellspire Holdings Bhd 2023 AR2
The report highlights Wellspire Holdings Berhad's inaugural year as an ACE Market-listed company for the financial year ended December 31, 2023. The group achieved a revenue of RM124.88 million, driven primarily by the distribution of ChaCha brand sunflower seeds in Thailand, and a profit before tax of RM7.44 million. Wellspire expanded its product range, increasing its stock keeping units from 52 to 60, and entered new strategic partnerships to distribute products across Thailand, Malaysia, and Singapore. Additionally, the group commenced trading of biomass fuel products in late 2023 and established sustainability policies to integrate ESG factors into its business strategy.
Company: Wellspire Holdings Bhd
Sector: Consumer Staples
Country: Malaysia
Year: 2023
Type: AR2
Pages: 34
Wellspire Holdings Bhd
Annual Report
The report highlights Wellspire Holdings Berhad's inaugural year as an ACE Market-listed company for the financial year ended December 31, 2023. The group achieved a revenue of RM124.88 million, driven primarily by the distribution of ChaCha brand sunflower seeds in Thailand, and a profit before tax of RM7.44 million. Wellspire expanded its product range, increasing its stock keeping units from 52 to 60, and entered new strategic partnerships to distribute products across Thailand, Malaysia, and Singapore. Additionally, the group commenced trading of biomass fuel products in late 2023 and established sustainability policies to integrate ESG factors into its business strategy.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
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
No data available