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Aspial Corp sees FY17 earnings double to $2.3 mil

Stanislaus Jude Chan
Stanislaus Jude Chan • 2 min read
Aspial Corp sees FY17 earnings double to $2.3 mil
SINGAPORE (Feb 26): Aspial Corporation saw its full-year earnings more than double to $2.3 million for the FY17 ended December, from $1.1 million a year ago.
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SINGAPORE (Feb 26): Aspial Corporation saw its full-year earnings more than double to $2.3 million for the FY17 ended December, from $1.1 million a year ago.

This was due to lower materials and subcontracts costs and finance costs, as well as higher other income and share of results of a joint venture.

FY17 revenue fell 22% to $485.1 million, from $621.0 million a year ago. This was led by a drop in revenue from its Real Estate business, which fell 45% to $185.7 million in FY17.

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