Aseana Properties (GB:ASPL) has released an update.
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Aseana Properties Limited reported mixed results for the first half of 2024, with an economic rebound in Malaysia boosting occupancy rates at its properties. The company saw a net profit from The RuMa Hotel, successful sale of several RuMa Residences units, and higher-than-expected financial performance at Harbour Mall Sandakan despite slightly lower occupancy. However, Aseana is still facing a comprehensive loss and reduced net asset value, as it continues to sell assets and seek working capital to fund operations.
For further insights into GB:ASPL stock, check out TipRanks’ Stock Analysis page.
