Aspial Corporation reported an 80% drop in full-year earnings to $8.8 million.
The weaker bottomline came on the back of a 9% fall in revenue to $464 million.
Aspial’s financial service business recorded another year of good revenue growth in 2015.
Revenue increased by $11.4 million to $121.1 million, driven by the increase in interest income and sales from the retail and trading of pre-owned jewellery and watches.
The group continued to grow its pledge book in 2015 and had achieved over $200 million of loans as at the end of 2015.
Sales from its property business declined $37.7 million to $216.4 million in FY2015 due to lower contribution from current development projects.
Revenue for its jewellery business decreased by $20.6 million to $131 million as it continued to consolidation with the closure of eight retail stores.
Aspial has declared a final dividend of one cent a share, higher than 0.8 cent a share in 2014.
The counter last traded at 28 cents a share.
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The weaker bottomline came on the back of a 9% fall in revenue to $464 million.
Aspial’s financial service business recorded another year of good revenue growth in 2015.
Revenue increased by $11.4 million to $121.1 million, driven by the increase in interest income and sales from the retail and trading of pre-owned jewellery and watches.
The group continued to grow its pledge book in 2015 and had achieved over $200 million of loans as at the end of 2015.
Sales from its property business declined $37.7 million to $216.4 million in FY2015 due to lower contribution from current development projects.
Revenue for its jewellery business decreased by $20.6 million to $131 million as it continued to consolidation with the closure of eight retail stores.
Aspial has declared a final dividend of one cent a share, higher than 0.8 cent a share in 2014.
The counter last traded at 28 cents a share.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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