trending Market Intelligence /marketintelligence/en/news-insights/trending/959GT8BL6GgryrA2yhwg2Q2 content esgSubNav
In This List

Second Chance Properties fiscal Q3 profit falls YOY

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Global M&A By the Numbers: Q1 2022

Blog

Insight Weekly: Earnings forecasts for US banks; corporate deleveraging; LatAm currency gains

Blog

Insight Weekly: M&A slows down; climate tops proxy season; private equity pours into blockchain


Second Chance Properties fiscal Q3 profit falls YOY

Second Chance Properties Ltd. said its normalized net income for the fiscal third quarter ended May 31 was S$2.4 million, a fall of 11.9% from S$2.7 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to 23.0% from 25.4% in the year-earlier period.

Total revenue declined on an annual basis to S$10.2 million from S$10.5 million, and total operating expenses grew 6.2% on an annual basis to S$6.2 million from S$5.9 million.

Reported net income declined 27.6% year over year to S$3.1 million, or 0 cents per share, from S$4.3 million, or 1 cents per share.

As of June 29, US$1 was equivalent to S$1.35.