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Aspial reports 40% drop in 1Q earnings to $4.6 mil on lower sales

PC Lee
PC Lee • 2 min read
Aspial reports 40% drop in 1Q earnings to $4.6 mil on lower sales
SINGAPORE (May 9): Aspial Corp reported a 40% drop in 1Q19 earnings to $4.6 million, or 0.24 cents per share, from $7.6 million a year ago.
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SINGAPORE (May 9): Aspial Corp reported a 40% drop in 1Q19 earnings to $4.6 million, or 0.24 cents per share, from $7.6 million a year ago.

Group revenue for 1Q19 was 19% lower at $173.8 million compared with $213.4 for the corresponding period in 2018.

Revenue from its real estate business declined 26.3% to $98.5 million in 1Q19 from $133.7 million in 1Q18.

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