Sabah-based, Singapore-listed logging company Jawala warns that it will report a net loss for the whole of FY2025 ended July 31.
The company explains that it generated lower sales in the second half of the year because of delays in logging and production operations as it coped with adverse market and weather.
In addition, Jawala will be booking lower fair value gain in biological assets.
The company expects to report the results on Sept 29.
Jawala was listed here on June 2018, having raised RM13.3 million.
For its 1HFY2025 ended Jan 31, Jawala reported revenue of RM7.5 million, up from RM141,000 from the year earlier, as it resumed logging operations.
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However, costs increased as well, as such Jawala remained in the red with RM1.7 million, although it was reduced from RM2.6 million in the year-earlier 1HFY2024.
Jawala shares last traded at 25 cents, up 108.33% year to date.
