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Second Chance posts record profits

Firm turns in FY net of $57m, thanks to gains on revaluation of properties

PROPERTY and retail group Second Chance Properties (SCP) yesterday reported a record net profit of $57 million for the year ended Aug 31, thanks mainly to profit booked on revaluation of its properties. Revenue for the 12 months ended Aug 31 was $54 million, compared to $64.6 million for the 14