SUBSCRIBERS

Second Chance posts 15% rise in Q1 earnings

Securities business helps offset drop in gold and apparel

Lee U-Wen

Published Mon, Jan 6, 2014 · 10:00 PM

PROPERTY and retail group Second Chance Properties (SCP) posted a 15 per cent year-on-year increase in net profit to $3.85 million for the first quarter ended Nov 30, 2013.

The improved bottom line came on the back of a strong showing in its securities business, which helped offset lower earnings in the apparel and gold business segments.

Revenue dipped to $9.2 million from $9.4 million a year ago.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes