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Avarga achieves record revenue and profitability for FY20; proposes final dividend of 0.78 cents

Felicia Tan
Felicia Tan2/27/2021 01:13 PM GMT+08  • 4 min read
Avarga achieves record revenue and profitability for FY20; proposes final dividend of 0.78 cents
Payment of the final dividend will be made on May 21.
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Avarga Limited has posted earnings of $39.9 million for the 2HFY2020 ended December, registering a 346% increase from earnings of $8.9 million a year ago.

This brings FY2020 earnings to $54.8 million, 68% higher than FY2019 earnings of $32.6 million.

2HFY2020 earnings per share (EPS) came in at 4.22 cents on a fully diluted basis, compared to 0.94 cents a year ago.

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