Heveaboard expects return to a net cash position by early next year

KUALA LUMPUR: HeveaBoard Bhd expects to return to a net cash position by early next year, at the latest, after paying off its term loans, said its group managing director Yoong Hau Chun.
"Our term loans in dollars have been mostly repaid to (now stand at) less than US$9 million and we expect to fully repay in the near term.
"This will put us in a strong position to increase our dividends payout to reward shareholders in the future," he told reporters at a briefing today.
For the financial year ending Dec 31, 2015 (FY15), the group aims to achieve 10% growth in revenue from the RM422.36 million achieved in FY14.
Its revenue for the first six months ended June 30, 2015 stood at RM227.75 million.