BREAKING:

Join us as we explore Avarga Limited’s latest financial journey through a period of major structural shifts. We delve into the strategic decision to exit the paper manufacturing sector and the subsequent sale of significant operational assets. The discussion also covers the performance of the core building products segment amidst fluctuating housing markets.

• The strategic pivot away from industrial paper manufacturing and its impact on the Group's portfolio

• Navigating challenges in the building products market and shifting commodity price trends

• Understanding the fiscal weight of non-recurring tax obligations and goodwill adjustments on overall performance

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BREAKING:

For the first half of FY2025, Avarga Limited experienced a significant decrease in its reported net profit, primarily influenced by the re-presentation of discontinued operations and a substantial one-off expense. The core building products business demonstrated a slight decline in revenue and gross profit, attributed partly to currency fluctuations.

• The Group’s financial results reflect a considerable shift in overall profitability, impacted by strategic adjustments and specific charges
• The balance sheet saw notable changes, including an increase in trade receivables and a significant rise in total liabilities, driven by increased facility utilisation and payables
• A major business segment was reclassified as discontinued operations, fundamentally altering the Group's reporting structure and financial comparison

There will be an AGM on

Event dates:

For more information, click here: AVARGA LIMITED 2024 AGM