Corporate digest
Apac Realty
APAC Realty's net profit for the first quarter ended March 31 sank 70 per cent year on year to S$1.78 million on the back of lower transaction volume following the cooling measures in July last year. Revenue fell 26.4 per cent to S$77.41 million, owing to lower brokerage income from resale and rental of properties and a decrease in brokerage income from new home sales. Earnings per share clocked 0.49 Singapore cent, down from 1.67 cents a year ago.
The counter closed at S$0.545 on Monday, down 1.5 cents.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Binance and CZ’s fortunes are set to grow, jail or no jail
Stocks to watch: Wilmar, MLT, FEHT, CDLHT, Starhill Global Reit, IReit Global
Samsung says Q1 operating profits soar nearly tenfold on-year
Far East Hospitality Trust Q1 net property income rises 6% to S$25.1 million
Boeing gets a welcome respite with US$10 billion bond offering
Hong Kong vies with US in Bitcoin ETF market after crypto’s revival