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Second Chance Q1 profit down 90% on securities losses

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Janice Heng

Janice Heng

Published Thu, Dec 27, 2018 · 09:50 PM

    Singapore

    MAINBOARD-LISTED Second Chance Properties saw its first-quarter net profit plummet 90 per cent to S$218,000 for the three months ended Nov 30, 2018, compared to S$2.23 million in the year-ago period.

    This was despite revenue rising 5.7 per cent to S$6.47 million from S$6.12 million in the year-ago period. Revenue from its apparel, gold and securities segments rose, but properties revenue fell 4.7 per cent.

    second chance properties

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