Clock ticking for loss-making Aspermont
Loss-making resources B2B publisher Aspermont is burning cash at a steady rate, with its latest quarterly accounts showing just over a year of funding left unless it lifts revenue, reins in costs, or engineers some other intervention.
Aspermont is the publisher of Australia’s Mining Monthly and Miningnews.net, as well as the venerable Mining Journal and various other international resources titles.
The company, which is listed on the ASX and the Frankfurt Stock Exchange, has offices in Perth, Singapore and London and several other international cities. It describes itself as “the leading media services provider to the global resource industries”.
In its latest annual financial reporting (Aspermont’s FY runs October 1 – September 30), the company reported an EBITDA loss of just over $1m (see graph below and Unmade’s reporting). ASX reporting rules on businesses with ongoing negative cashflow required Aspermont to shift to quarterly reporting this year.
