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Aspen sinks into the red for 2H21 as gross profit shrinks 93%

Jovi Ho
Jovi Ho2/11/2022 06:23 PM GMT+08  • 4 min read
Aspen sinks into the red for 2H21 as gross profit shrinks 93%
The group’s revenue largely come from property development. Its glovemaking healthcare segment makes up 20% of revenue.
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Aspen (Group) Holdings recorded losses attributable to the owners of the company of RM59.4 million for 2HFY2021 ended Dec 31, 2021, down from a profit of RM85.4 million this time last year.

The group recorded 64% lower revenue of RM62.4 million and 93% lower gross profit of RM4.3 million for 2HFY2021 compared to this time last year.

No dividend has been declared or recommended as the management plans to conserve cash in this soft property market, says Aspen.

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