Absence of fair value gain hits Second Chance's Q4 earnings

Singapore

SECOND Chance Properties on Monday reported an 88 per cent slide in net profit to S$5.7 million, on the back of a 16.1 per cent decline in revenue to S$17.9 million for its fourth quarter ended Aug 31, 2014.

This brings the property and retail group's full-year net profit to S$16.5 million, a 71.1 per cent fall from a year ago.