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Aspial's profit slips after buyers walk away from Australia 108 as property cycle turns
Published Fri, Nov 8, 2019 · 09:50 PM
Singapore
FEWER settlements at the Australia 108 mega project in Melbourne have put a dent in Aspial Corp's third-quarter revenue, even as the leveraged property developer counts on fresh cash from handovers to improve its debt profile.
Aspial, which also sells jewellery, posted a net profit of S$5.7 million in the three months ended Sept 30, down 69 per cent from the same period a year earlier.
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