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Second Chance Properties reports fall in Q4 profit

SECOND Chance Properties saw its net profit for the three months ended Aug 31 decline from S$5.67 million to S$2.08 million, while revenue dipped nearly 9 per cent to S$16.33 million.

Earnings per share dropped from 0.84 Singapore cent per share to 0.31 cent.

For the full year, net profit slumped nearly 38 per cent to S$10.26 million while revenue slipped 5.5 per cent to S$45.79 million due to weaker performances from its apparel and properties businesses.

The firm has declared a dividend of 3.55 cents per share.