TWD 7.55% $2.85 tamawood limited

News: TWD Tamawood To Increase Distribution To 27 Cents/Shr

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    Oct 25 (Reuters) - Tamawood Ltd (TWD) :

    • BOARD OF TWD HAS MADE A DECISION TO INCREASE DISTRIBUTION TO 27 CENTS
    • RESULT OF INCREASE IN SALES WILL HAVE MINIMAL IMPACT ON FIRST HALF OF FY20
    • ANTICIPATE INCREASED SALES FLOWING THROUGH TO A SIGNIFICANTLY IMPROVED RESULT IN SECOND HALF OF FY20
    • SEE NO REASON, AT THIS POINT, NOT TO ACHIEVE A MUCH IMPROVED RESULT FOR FY20 COMPARED TO FY19
 
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