Aseana Properties (GB:ASPL) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
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.
