Search

$7.45m profit for Aspen Group

ASPEN Group has announced a $7.45 million profit, up 84 per cent from last year. Aspen’s portfolio increased from $99 million to $203 million during the 2005 financial year.Managing director Angelo Del Borrello said 2005 had been a successful and rewarding year for the group.“The sound profit result and growth in assets under management substantially strengthen the group’s financial position,” Mr Del Borrello said.He attributed the improved performance to an increase in rental income resulting from growth of the property portfolio, funds management revenue of $3.98 million, and cost savings from lower margins on group borrowings following a refinancing.“We will continue to pursue property acquisitions for both the Aspen Group portfolio and the unlisted funds under management, in addition to identifying further finds management opportunities such as the recently announced Aspen Living Villages concept,” Mr Del Borrello said.

Login

(existing subscribers)

The password field is case sensitive.
Request new password

Add your comment

Aspen Group (APZ)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 28/09/18

1 year TSR5 year TSR
422ndAspen Group-2%-3%
739 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

01/10/15
$46k Issued
30/09/15
$260k Bought
30/09/15
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

th-Aspen Group$22.1m
77 listed non wa companies ranked by revenue.
Source: Morningstar

BNiQ Disclaimer