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Aspen Group gives notice of three years of consecutive losses

Felicia Tan
Felicia Tan • 2 min read
Aspen Group gives notice of three years of consecutive losses
As at Oct 7, Aspen’s latest six-month average daily market capitalisation is at $49.9 million, above the $40 million minimum. Photo: Aspen Group
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Aspen (Group) Holdings has given notice that it has recorded pre-tax losses for its three most recently completed financial years in a row.

However, on Aug 29, the group reported a profit before tax of RM37.4 million ($11.4 million) for its FY2024 ended June 30, reversing from a loss before tax of RM96.1 million in FY2023.

Earnings attributable to shareholders in FY2024 stood at RM38.3 million, up from a loss of RM195.3 million in FY2023.

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