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.