Taiga’s higher earnings were primarily attributable to the increased gross margin, which increased almost three times to $90.4 million during the quarter from $30.6 million in the 1QFY2020.
Avarga Limited, formerly known as UPP Holdings Limited, has reported record net earnings of $29.2 million for Taiga Building Products for the 1QFY2021 ended March, over four times net earnings of $6.6 million over the corresponding period the year before.
Taiga Building Products is one of three core businesses under Avarga. The other two businesses are paper manufacturing and power generation.
