Alset Inc (AEI)

[~MulaGreen~]

Alset EHome International Inc. Reports FY2021 Results with 22% Revenue Growth and Stronger Financial Position

The Group's revenue rose 21.9% to approximately $19.8 million in FY2021 from $16.2 million in FY2020 due primarily to an increase in revenue from its biohealth business and rental income under its real estate business.

The Group's cash has more than doubled from approximately $25.0 million as of December 31, 2020 to $56.1 million as of December 31, 2021.

In addition, the Group's real estate assets have increased 97.6% to approximately $40.5 million as of December 31, 2021 from $20.5 million as of December 31, 2020.

Furthermore, the Group's net assets have increased 173.8% to approximately $170.3 million as of December 31, 2021 from $98.0 million as of December 31, 2020, due mainly to increases in cash, real estate assets and investments in securities.

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