laptop with stock market on screen
Source: Pixabay
  • Voluntary suspension first requested May 2019
  • Multiple extensions made from 2019 to 2021
  • Revenue was reported as up by 31.8% in the half yearly results

ASX listed affordable housing provider recently posted their half-yearly results.

The company saw increases in revenue, up 31.8% to $2.566M, with generally positive results in profits.

Earnings per share were up, now 0.75 cents per share compared to 0.24 cents for the last corresponding period, NTA went down to 1.78 cents from 1.99 cents.

Questus also announced to the ASX that it requested an extension of voluntary suspension, pending the release of an announcement regarding a potential acquisition and capital raising.

The company requested a voluntary suspension on 10 May 2019 and has asked for multiple extensions since then, the latest request before today’s announcement was made on 7 January 2021.

Board announcements stated that Questus is “not yet in the position to make a further announcement regarding the acquisition and capital raising. The Board has authorised that the Company requests ASX continues to impose the voluntary suspension of trading in its securities to ensure that no trading occurs on an uninformed basis.”

You May Also Like

Debt battle sends The Agency Group into voluntary administration

ASX listed Perth real estate firm now faces uncertain future following…

RNY Property Trust delists after major vote

Sydney real estate firm voted off the ASX after 2 years suspension from trading…

Ultima United capital raise buoyed by interest

Perth property developer readies for growth, hoping for a $20M+ raise…

The Agency voluntary administration stopped by Federal Court

The Agency battle continues after court puts an injunction on administrators…