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UPP
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Octavia
Supreme |
13-Nov-2020 09:28
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SINGAPORE, 13 NOVEMBER 2020 &ndash Avarga Limited (&ldquo Avarga&rdquo ) today reports its business update for the third quarter ended 30 September 2020. Highlights of Avarga&rsquo s performance by business units are as follows: 3Q FY2020 (1 July 2020 to 30 September 2020) Paper Manufacturing Sales at the paper manufacturing division, under UPP Pulp & Paper (M) Sdn Bhd, have recovered to, and exceeded, pre-Covid 19 levels in 3Q2020 due to strong demand for paper packaging products. Volume sales in 3Q2020 totaled 20,168 tonnes, up 5.5% compared with 19,121 tonnes in 3Q2019. On 16 October 2020, UPP Pulp & Paper (M) Sdn Bhd appointed Public Investment Bank Bhd as an adviser to explore and advise on a possible listing of the paper manufacturing business on the Main Market of Bursa Securities. Power Generation In September 2020, Myanmar placed Yangon under a 4-week lockdown, with the closure of factories, businesses and schools, except for essential services, to counter a sharp escalation in Covid-19 cases. These restrictions have been gradually eased since the third week of October 2020. Despite the restrictive measures, there has been no material impact on our plant&rsquo s operations and power production there. Electricity output in 3Q2020 totaled 100.31 million kWh, up 8.4% from 92.53 million kWh in 3Q2019. The plant is committed to meet an annual minimum production target of 350 million kWh. The first major overhaul exercise of all 13 engines for the plant, undertaken since 2019, was successfully completed in the quarter, with the final engine overhauled in July 2020. Building Products Distribution Please refer to the 3Q FY2020 Press Release, Earnings Report, and other materials announced by Taiga Building Products Ltd. Dividend Update The board of directors of Avarga is pleased to declare an interim dividend of 0.36 cent per share for 3Q2020. In August 2020, Avarga had declared an interim dividend of 0.36 cent for the first six months of 2020. This brings cumulative year-to-date dividends for the first nine months of 2020 to 0.72 cent. Our dividend policy aims to achieve a target annual payout of 40% or higher of net profit, subject to alternative use and opportunities. Our intention remains the same, and we will attempt to achieve this for the entire FY2020. |
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Octavia
Supreme |
13-Nov-2020 09:21
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Dividend $0.0036c Ex-date :25 Nov 20 Payable date:11 Dec 20 |
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MarcLim
Veteran |
13-Nov-2020 09:00
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wonderful result at this kind of circumstance. At least price act as a stable platform from now. Continue inching up...🙏 🏻
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OngBak
Veteran |
13-Nov-2020 08:56
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Slowly, 1 by 1 ..
1 shot all give also can't digest.
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pkli899
Supreme |
13-Nov-2020 08:55
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A little disappointed that there was no update on sales of Power Plant. | ||||
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OngBak
Veteran |
13-Nov-2020 07:58
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Results out liao. Taiga profits surged. Dividend announced. Huat ah | ||||
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pkli899
Supreme |
12-Nov-2020 16:56
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No M& A as far as we know. Only sales of Power Plant and listing of Paper Business. News on Power Plant sales should come first. Regardless of whether deal or no deal. Follow by listing of Paper Business at main board KLSE. This will take awhile as still at infancy stage.
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MarcLim
Veteran |
12-Nov-2020 12:53
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Hopefully M& A news... paper or power...power mean more power😅 Might no result for avarga, but Taiga' s result is good guide there.
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pkli899
Supreme |
12-Nov-2020 11:09
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I believe something big is coming. Otherwise, why delay the reporting (including Taiga' s)? They want to release the news together with the results. Hope my guess is correct. |
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MarcLim
Veteran |
12-Nov-2020 10:39
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Jeep small 0.245
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PQTPQK
Supreme |
11-Nov-2020 16:05
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no action ..
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pkli899
Supreme |
11-Nov-2020 15:46
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LOL.....I also wondering get ready for what?
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Msport
Elite |
11-Nov-2020 15:44
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to sleep?
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OngBak
Veteran |
11-Nov-2020 15:39
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On your mark, get set...... All, get ready | ||||
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PQTPQK
Supreme |
11-Nov-2020 12:35
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seem coming down ?? seem weak ..
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Superfast
Supreme |
11-Nov-2020 12:03
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Patience..... Soon coming
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MarcLim
Veteran |
11-Nov-2020 12:02
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0.255 good pix. Jeep small 🙏 🏻
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pkli899
Supreme |
11-Nov-2020 11:40
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Really dunno why the delay in reporting for Taiga as well as Avarga? Recent years, latest date is 11th (except when CNY falls on Feb). Is it they timed it to coincide with a major announcement? Today is 11th.....lets see. |
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Tradehuatt
Member |
10-Nov-2020 15:00
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Show some love for the bbs spting 26 | ||||
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pkli899
Supreme |
10-Nov-2020 10:42
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Very sorry, I dunno why till now no reporting of results for Taiga. | ||||
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