Earnings of steel products distributor Asia Enterprises surged 471% to $1.3 million in 1HFY21 ended June, from $227,000 in the year, despite a substantial drop in its revenue.

On a fully diluted basis, this translates to earnings per share of 0.38 cents, compared to 0.07 cents in 1HFY20.

With this, its net asset value per ordinary share was $27.47 on June 30, compared to $27.59 on Dec 31.

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