On the earnings, the group attributed its losses to the impairments of machines in the group’s healthcare segment totalling to RM31.8 million in light of the scaling down of operations and loss on disposal of an associate company, Bandar Cassia Properties (SC) Sdn Bhd amounting to RM16.9 million.
Aspen (Group) Holdings reported a loss of RM130 million ($40.6 million) for FY2022 ended June, as compared to earnings of RM56.6 million in FY2021. This brings losses per share to 12.02 cents.
On Nov 19, 2021, the group announced a change of its financial year end from Dec 31 to June 30, to allow it to better plan its audit schedule and holding of its annual general meetings during the off-peak period, thereby resulting in better cost-savings and operational efficiencies. With the change of financial year end, FY2022 ended June will cover a period of 18 months from January 1, 2021 to June 30.
