Singapore's Aspial Corp half-year profit jumps on retail, bullion gains

Aspial

07/08/2026 13:08

Overview
Singapore jewelry and property group's half-year revenue rose 19% yr/yr to S$470 mln
Pretax profit for the half-year increased 83% yr/yr to S$54.2 mln
Company says higher retail sales and bullion business drove profit growth

Outlook
Company says Financial Services Business is expected to maintain its growth momentum in 2H2026 
Retail Business is expected to be stable in 2H2026, supported by its established brands, retail network and customer base in Singapore and Malaysia

Result Drivers
RETAIL SALES - Higher retail sales contributed to revenue growth
BULLION BUSINESS - Bullion business drove profit growth, including higher profit contributions from associate's bullion business
OTHER INCOME - Increase in other income mainly due to higher foreign exchange gains and gain on disposal of a subsidiary

Company press release: ID:nSN2cdngw

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
S$470 mln
 
H1 Pretax Profit
 
S$54.20 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)