Zen Tech International Bhd 2024 AR2
The report highlights Zen Tech International Berhad's financial and operational performance for the fiscal year ended June 30, 2024. The company achieved a 35.7% increase in revenue to RM 49.291 million, driven by strong demand in its glove manufacturing segment. Despite the revenue growth, Zen Tech recorded a loss before tax of RM 10.666 million, primarily due to goodwill impairment and rising raw material costs. On the sustainability front, the company focused on energy efficiency, waste reduction, and community support, recording electricity consumption of 2,255,399 kWh and gas usage of 112,306 GJ. Additionally, Zen Tech announced the proposed acquisition of a 70% stake in Alpha Fintech Sdn. Bhd. to expand its IT and ICT business segment.
Company: Zen Tech International Bhd
Sector: Information Information Technology
Country: Malaysia
Year: 2024
Type: AR2
Pages: 174
Zen Tech International Bhd
Annual Report
The report highlights Zen Tech International Berhad's financial and operational performance for the fiscal year ended June 30, 2024. The company achieved a 35.7% increase in revenue to RM 49.291 million, driven by strong demand in its glove manufacturing segment. Despite the revenue growth, Zen Tech recorded a loss before tax of RM 10.666 million, primarily due to goodwill impairment and rising raw material costs. On the sustainability front, the company focused on energy efficiency, waste reduction, and community support, recording electricity consumption of 2,255,399 kWh and gas usage of 112,306 GJ. Additionally, Zen Tech announced the proposed acquisition of a 70% stake in Alpha Fintech Sdn. Bhd. to expand its IT and ICT business segment.
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Document Details
Report Year
2024
Reporting Period
Jul 1, 2023 - Jun 30, 2024
Fiscal Year
2024
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
Women on Board
Employees