Awaysis Capital, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2023
May 19, 2023 at 12:35 pm EDT
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Awaysis Capital, Inc. reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was USD 0.0608 million. Net loss was USD 1.54 million compared to USD 0.113599 million a year ago. Basic loss per share from continuing operations was USD 0.01.
For the nine months, sales was USD 0.10456 million. Net loss was USD 3.81 million compared to USD 0.147509 million a year ago. Basic loss per share from continuing operations was USD 0.03.
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.