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Avarga reports record earnings and revenue for 1HFY2021, to pay second interim dividend of 0.42 cent

The Edge Singapore
The Edge Singapore • 3 min read
Avarga reports record earnings and revenue for 1HFY2021, to pay second interim dividend of 0.42 cent
The company plans to pay another interim dividend of 0.42 cent per share
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Avarga, which holds interests in multiple industries, has reported record earnings and revenue for its 1HFY2021 ended June 30.

From $14.9 million recorded in 1HFY2020, the company’s earnings surged by 381% y-o-y to $71.8 million. Revenue in the same period doubled from $720.3 million to $1.44 billion.

The company plans to pay another interim dividend of 0.42 cent per share, up from 0.36 cent paid this time last year. Under the company's existing policy of paying out dividends quarterly, it has already paid 0.42 cent for 1QFY2021.

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