Aspial Corporation reverses into earnings of $7.94 million for the 1HFY2025 ended June 30.
The group reported a revenue increase of 33% y-o-y to $394 million for 1HFY2025.
This growth was driven largely by a strong performance of the group’s Retail and Financial Service businesses, which was partially offset by a moderate revenue decline in the Real Estate Business.
The Financial Service Business generated $48.0 million in revenue, a 36.8% y-o-y increase due to higher interest income, supported by the growth of the loan book and improved contributions from secured lending activities.
The Retail Business saw revenue rising by 37.7% y-o-y to $319.2 million, driven by the robust sales performance in both the jewellery retail and gold trading segments.
Aspial’s Real Estate Business declined by 7.3% y-o-y, due to lower sales from the residual apartments in the Australia 108 development.
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The group’s operating cost increased 6.6% y-o-y to $122.5 million from its investment in talent and infrastructure with higher employee expenses, depreciation and amortization costs tied to the ongoing expansion of the Retail and Financial Services business.
The group says that it is cautiously optimistic about 2HFY2025 — it expects its Financial Service Business to grow, underpinned by rising demand for short-term financing such as pawnbroking and secured lending in a stable economic environment.
Its Retail Business is expected to deliver a steady performance, while the Real Estate business is expected to see improved operational performance in 2HFY2025.
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The group says that it anticipates better financial performance for FY2025 barring any adverse impact arising from foreign exchange movements.
Shares in Aspial Corporation closed 0.3 cents higher or 4.412% up at 7.1 cents on Aug 11.
