Awaysis Capital, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
February 22, 2024 at 04:06 pm EST
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Awaysis Capital, Inc. reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was USD 0.0271 million compared to USD 0.04376 million a year ago. Net loss was USD 0.62828 million compared to USD 1.87 million a year ago.
For the six months, sales was USD 0.0339 million compared to USD 0.04376 million a year ago. Net loss was USD 4.16 million compared to USD 2.27 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.02 compared to USD 0.02 a year ago.
Awaysis Capital, Inc. is a real estate investment and management company. The Company is focused on acquisition, construction, selling and managing rentals of residential vacation home communities in desirable travel destinations. The Company seeks to create value through the targeting and acquisition, development, and up-cycling, rebranding, and repositioning of undervalued operating and shovel ready residential/resort communities in global travel destinations, with the intention to relaunch these assets under the Awaysis brand to create a network of residential and resort enclave communities that will optimize both sales and rental revenues, providing attractive returns to owners and vacation experiences to travelers.