Aspial profit slides 55.2% on weaker real estate business

Singapore

ASPIAL Corporation posted on Monday a 55.2 per cent drop in net profit to S$12.7 million for the year ended Dec 31, mainly due to lower revenue as a result of weaker performance from its real estate business.

Earnings per share stood at 0.66 Singapore cents for the year, down from 1.46 cents for 2018.

Revenue fell 37.6 per cent to S$560.2 million from S$898.5 million previously due to lower revenue from the group's real estate business.

Revenue from the real estate business fell by S$363.3 million to S$210.9 million, due to the comp…

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