tawa plc (TAW) Snapshot

Tawa Plc reported unaudited consolidated earnings results for the year ended December 31, 2012. For the year, the company reported net earned premium revenue of $0.8 million compared to $58.2 million a year ago. Total income was $52.6 million compared to $110.2 million a year ago. Loss from operating activities was $15.8 million compared $4.6 million a year ago. Loss before taxation was $22.0 million compared to $10.4 million a year ago. Loss for the year from continuing operations was $22.3 million or 20.04 cents per basic and diluted share compared to $9.4 million or 8.51 cents per basic and diluted share a year ago. Loss for the year was $22.5 million compared to $21.9 million a year ago. Loss for the year attributable to owners of the company was $22.5 million or 20.22 cents per basic and diluted share compared to $21.6 million or 19.83 cents per basic and diluted share a year ago. Net cash used in operations was $76.4 million compared to net cash generated by operating activities of $25.9 million a year ago. Purchases of property, plant and equipment were $0.1 million compared to $1.0 million a year ago.

Tawa Plc announced that they will report fiscal year 2012 results on Mar 22, 2013

Tawa Plc announced that effective from January 15, 2013, Loic Philippe Marie-Joseph Brivezac has been appointed as a non-executive director of the company's formal board replacing Gilles Pagniez. Mr. Brivezac has also been appointed as chair of the company's Audit Committee. Concurrently, Mr. Pagniez has been appointed as a member of the company's Advisory Board in place of Mr. Brivezac. Mr. Pagniez and Mr. Brivezac are respectively General Counsel and CFO of Financiere Pinault SCA.