Business briefing

Asiasons posts Q1 loss

SGX-LISTED investment management company Asiasons Capital reported a first-quarter net loss of $1.95 million, compared with a net profit of $1.76 million a year earlier. The group, recently in the middle of a penny-stock crash investigation, earned revenue of $3.39 million for the three months ended March 31 from $0.4 million a year ago, due to higher revenue from media sales, which was not included the previous year. The group posted a loss per share of 0.2 cents, compared with earnings per share of 0.18 cents previously.

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