Avarga FY26 H1 net profit rises to S$21.69 million; revenue falls 9% to S$719.01 million

Reuters2026/08/08 00:51

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Avarga posted net profit of S$21.69 million, more than doubled from a year earlier, as profit before income tax climbed 219% to S$27.95 million.
Revenue fell 9% to S$719.01 million, while gross profit was little changed at S$81.35 million.
Earnings attributable to shareholders swung to profit at S$15.72 million, lifting basic EPS from continuing operations to 16.17 Singapore cents per share.
Management said the year-on-year profit gain mainly reflected the absence of a S$18.65 million withholding tax expense booked in 1H2025.
Taiga revenue dropped on lower average pricing and sales volume; the firm cited improved gross margin from 10.3% to 11.3% on lower cost of goods sold.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Avarga Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 6R4YTT99CK4HHRIU) on August 08, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Avarga FY26 H1 net profit rises to S$21.69 million; revenue falls 9% to S$719.01 million

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