Home Capital Results

Aspen reverses out of the red in 2Q, posts earnings of $4.3 mil

Samantha Chiew
Samantha Chiew9/7/2017 06:33 PM GMT+08  • 2 min read
Aspen reverses out of the red in 2Q, posts earnings of $4.3 mil
SINGAPORE (Sept 7): Property developer Aspen Holdings swung back into the black in 2Q17 with earnings of RM13.4 million ($4.3 million) compared to a loss of RM751,000 in 2Q16.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Sept 7): Property developer Aspen Holdings swung back into the black in 2Q17 with earnings of RM13.4 million ($4.3 million) compared to a loss of RM751,000 in 2Q16.

This follows a more than threefold increase in the group’s 2Q17 revenue to RM69.99 million from RM20.21 million the same period last year, mainly lifted by advance progress of its on-going projects, Tri Pinnacle and Vervéa.

Tri Pinnacle is the group’s first affordable homes development. It received good response since its launch, with 82.3% of units sold as at June 30. Vervéa, the first phase of the group’s flagship development, Aspen Vision City, recorded 83.5% of units sold as at June 30.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now