Integrated Annual Report 2023
Our Leadership
It gives me great pleasure to present Malakoff Corporation Berhad
(Malakoff or the Group)’s Integrated Annual Report 2023.
For the year ended 31 December 2023, Malakoff recorded a revenue of RM9,067.0 million, a 12.4% year-on-year decrease from RM10,355.2 million in 2022, and a Loss After Tax and Minority Interests (LATMI) of RM837.2 million from RM302.2 million of PATMI in 2022.
Nevertheless, given our firm commitment to shareholder value creation, the Board approved an interim dividend of 1.50 sen per ordinary share, during the second quarter results announcement in respect of the financial year ended 31 December 2023 (FY2023). This translates into approximately RM73.3 million and was subsequently paid in October 2023, reflecting our dedication to deliver value despite the challenges we faced. In addition, the Board approved a final dividend in respect of FY2023 of 1.50 sen per ordinary share, which will be paid in May 2024.
Tan Sri Datuk Dr. Ir. Ahmad Tajuddin Ali
Chairman
The events that carried us through 2023 illustrated the vital role of being adaptable and agile in the face of uncertainties.
Throughout 2023, our steadfast focus on responsible growth remained the cornerstone of our strategic initiatives. Aligned with our aspiration to transform into a sustainably conscious organisation, we focused on expanding our RE and environmental solutions business through continuous collaboration and partnerships. We also dedicated efforts to instilling circular economy awareness among Malaysians.
As part of the Malakoff 2.0 Strategic Transformation, we established clear goals – to reach an RE capacity of 1,400 MW by 2031 and achieve 15% to 20% recycling rate by 2025 from waste collected by our subsidiary, Alam Flora Sdn Bhd.
Anwar Syahrin Abdul Ajib
Managing Director & Group Chief Executive Officer (MD & GCEO)
