Aspen reports 3.8 times growth in FY20 earnings of RM71.4 mil; aims to accelerate rubber gloves manufacturing

Dato' M. Murly, Aspen Group's president and CEO.

Dato' M. Murly, Aspen Group's president and CEO.

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SINGAPORE (March 1): Mainboard-listed Aspen Group (Limited) earnings of RM85.1 million (S$28.0 million) for the 2HFY20 ended December, representing a 799% surge over earnings of RM9.5 million in the corresponding period the year before.

This brings FY20 earnings to RM71.4 million, as the group logged a loss of RM13.8 million during the first half of FY20. Compared to the RM18.7 million earnings in FY19, the group’s FY20 earnings registered a 282% y-o-y surge.

Earnings per share (EPS) for the 2HFY20 and FY20 stood at...(click on link for full story on theedgesingapore.com)