Aspial's Q4 profit dives to $9.33m
ASPIAL Corp's net profit for the fourth quarter ended Dec 31, 2013, halved to $9.33 million owing to increased borrowings and the issuance of multi-currency medium term notes.
Turnover fell 13 per cent year on year to $117.17 million, while rental income rose to $2.18 million from just $110,000 a year earlier.
Despite a poor quarter, Aspial posted record revenue of $515.26 million for the full year. Net profit rose 23 per cent to $67.55 million.
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