CATALIST-LISTED Malaysian timber company Jawala has reported flattish earnings for its latest half-year, even as both its subsidiary's main bank accounts and trading in its shares remain suspended.
Revenue rose by 12 per cent to RM24.2 million despite lower production volume, which the company attributed to higher average selling prices in the local market on an overall log shortage. Meanwhile, a Sabah state government environmental review of the company's logging concessions and forest management units had no negative impact either, Jawala added.
It reaffirmed in an update in February 2019 that"the directors of the company are also not aware of any investigation or proceedings pending or threatened against , its directors and the company's directors".
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