Aspial net profit soars to S$18.7m; declares 0.25 cent a share dividend

Singapore

PROPERTY developer and jeweller Aspial Corp has made a net profit of S$18.7 million in the third quarter, up from S$70,000 in the same period a year earlier, boosted by revenue from development projects in Singapore and Melbourne.

Revenue in the three months ended Sept 30 rose 217.2 per cent to S$347 million. Earnings per share rose to 0.97 Singapore cent from 0.004 Singapore cent in the third quarter last year.