Aspen Group Trims Loss in Fiscal H2; Shares Plunge 7%

MT Newswires08-30

Aspen Group's (SGX:1F3) loss attributable to owners narrowed 72% year over year to 56.3 million ringgit in the six months ended June 30 from 199.2 million ringgit, according to a filing with the Singapore Exchange on Thursday.

Loss per share from continuing operations came in at 0.0520 ringgit per share from 0.0930 ringgit per share in the year-ago period.

The company's revenue was down 19% year over year to 99.3 million ringgit from 122.4 million ringgit mainly due to lower contributions from the property development segment.

Shares of the property development company plummeted nearly 7% in recent trading.

Price (SGD): S$0.04, Change: S$-0.0030, Percent Change: -6.67%

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