The report highlights MHB's financial turnaround in 2022, achieving a net profit of RM67.6 million after four consecutive years of losses. The company secured a record high order book of RM6.6 billion, driven by strong performance in both heavy engineering and marine segments. The report showcases the company's commitment to sustainability by securing contracts for the world's largest offshore carbon capture and storage (CCS) facility in Malaysia, and expanding its renewable energy footprint. MHB also took significant steps in decarbonising its operations by installing solar panels at its MMHE West yard, the largest rooftop solar installation in Malaysia, and investing in green vessel maintenance and repair services. MHB also undertook a strategic partnership with Silverstream Technologies and Bureau Veritas Solutions to offer ship owners green vessel retrofits. The report also highlights MHB's robust corporate governance and strong internal controls.
