Avarga Limited reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was SGD 2,368.34 million compared to SGD 2,435.41 million a year ago. Net income was SGD 50.88 million compared to SGD 73.3 million a year ago.

Basic earnings per share from continuing operations was SGD 0.056 compared to SGD 0.0798 a year ago. Diluted earnings per share from continuing operations was SGD 0.056 compared to SGD 0.0798 a year ago.