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Second Chance posts 15% rise in Q1 earnings
Securities business helps offset drop in gold and apparel
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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.
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