Aspen Group expects net loss for FY23

The Group will release its financial results on or before 29 August.

Aspen Group is expecting a net loss for the financial year 2023 following the preliminary review and assessment of information, including the unaudited consolidated financial statements.

In a profit guidance, Aspen Group said the expected loss is mainly due to the value of the factory buildings established at Lot 60230 of Seksyen 11, Bandar Lunas, Daerah Kulim, Negeri Kedah that was written off in its indirect subsidiary Aspen Glove Sdn. Bhd’s books after a deed of mutual termination.

ALSO READ: Aspen Glove files winding up petition

Also contributing to the projected net loss is the fair value loss on investment due to the divestment of its indirect subsidiary Aspen Vision Properties Sdn Hbd’s entire interest in Global Vision Logistics Sdn, Bhd.

Aspen Group advised shareholders and potential investors to exercise caution in dealing with or trading its securities.

The company’s financial results will be released on or before 29 August.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia