Towards Financial Freedom
Second Chance Q3 net profit up 20%
Second Chance Q3 net profit up 20%. Second Chance Properties reported a net profit of SGD3.6m for the 3Q ended May 31, 20.1% higher than the SGD3m from the corresponding period last year. The company, which has its core businesses in apparel retail, gold jewellery retail, property investments and securities, reported a 29.5% y-o-y increase in revenue to SGD13.1m in the 3Q. Expenses went up 18% to SGD2.7 million and cost of sales jumped 56.6% to SGD6.5 million. EPS for the latest nine-month period reported was 1.59 cents, down from 2.26 cents in the previous corresponding period. Revenue grew 13.4% to SGD32.6m in the first nine months of FY13, as all business segments except property segment recorded higher turnover. Shares of Second Chance Properties were unchanged yesterday at 43 cents.(Business Times)
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