Avarga Swings to Attributable Loss in H1; Shares Surge 13%

MT Newswires

08/11

Avarga (SGX:X5N) booked an attributable loss of SG$4.3 million during the first half of the year from an attributable profit of SG$17.1 million a year earlier, according to a Saturday filing with the Singapore Exchange.

Shares of the company were up over 13% in early Monday trading.

Loss per share came in at SG$0.0476 compared with earnings per share of SG$0.1878 in the comparable period.

Revenue declined 3% year over year to SG$787.2 million from SG$815.5 million.

The company declared an interim dividend of SG$1.20 per share for the period.

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