Asiasons, Blumont in loss
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Anita Gabriel
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ASIASONS Capital and Blumont Group, two of the companies whose stocks were mauled in last October's penny-stock crash, were still in the red for their financial second quarter, the main culprit being unrealised fair value losses on financial assets.
Yesterday, private equity firm Asiasons yesterday posted a net loss of S$5.44 million for the April-June quarter, bigger than the net loss of S$3.32 million a year ago. Revenue doubled from S$1.05 million to S$2.1 million led by improved revenue from the media sales segment and fund management fees.
Asiasons said that continued to face difficulties raising funds for its fund management business.
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