Second Chance Properties guides for lower profit in FY19
MAINBOARD-LISTED Second Chance Properties said on Thursday that it expects to report a lower profit for the financial year ended Aug 31, compared to the last financial year.
This is primarily due to unrealised loss on revaluation of properties recorded in the 2019 financial year, compared to unrealised gain on revaluation of properties reported in the year before.
There was also a loss on sale of investment property recorded in FY2019 versus a profit on sale of investment property in FY2018.
The company will announce its unaudited financial results for FY2019 on or before Oct 24.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Jim Beam owner bets on canned vodka cocktails to double revenue
Hot stock: Nio climbs about 19.8% on stronger vehicle delivery performance
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Hot stock: DBS hits all-time high on record Q1 net profit
Japanese companies struggle with yen’s continued weakness
Singapore stocks open stronger on Thursday; STI up 0.5%