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Aspen reports 3.8 times growth in FY2020 earnings of RM71.4 mil; aims to accelerate rubber gloves manufacturing

Atiqah Mokhtar
Atiqah Mokhtar3/1/2021 4:42 PM GMT+08  • 3 min read
Aspen reports 3.8 times growth in FY2020 earnings of RM71.4 mil; aims to accelerate rubber gloves manufacturing
EPS for the 2HFY2020 and FY2020 stood at 8.55 sen and 7.16 sen respectively.
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Mainboard-listed Aspen Group (Limited) earnings of RM85.1 million ($28.0 million) for the 2HFY2020 ended December, representing a 799% surge over earnings of RM9.5 million in the corresponding period the year before.

This brings FY2020 earnings to RM71.4 million, as the group logged a loss of RM13.8 million during the first half of FY2020. Compared to the RM18.7 million earnings in FY2019, the group’s FY2020 earnings registered a 282% y-o-y surge.

Earnings per share (EPS) for the 2HFY2020 and FY2020 stood at 8.55 sen and 7.16 sen respectively.

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