SGX:X5NForestry
Avarga (SGX:X5N) Stock Rebounds To Profit As One Off Loss Clouds Outlook
Avarga’s stock came into this earnings print stuck around SGD2.68 with flat 30 day and 90 day returns, which suggests sentiment was cautious rather than euphoric. The headline from the results is simple. The company is profitable again over the last twelve months with basic earnings per share of SGD0.174325 and net income from core operations of SGD15.824m, despite a large one off loss of SGD19.0m that distorted the picture.
Today’s price reaction now reflects a tug of war between relief that...