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Jawala

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Jawala posts flat half-year profits

18 Mar 2019 09:00

By Annabeth Leow

leowhma@sph.com.sg

CATALIST-LISTED timber company Jawala saw flattish earnings for the half-year - even as its subsidiary's main bank accounts and trading in its shares remain suspended.

Net profit for the six months to Jan 31 stood at RM6.03 million (S$2 million), up by 1 per cent year on year, according to unaudited financial statements released on Friday.

Revenue rose by 12 per cent to RM24.2 million despite lower production volume - attributed to higher average selling prices in the local market on an overall log shortage.


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Source: Business Times
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