MAINBOARD-LISTED Second Chance Properties on Thursday posted a 12.5 per cent rise in net profit to S$2.34 million for the third quarter ended May 31, 2019.
Revenue rose 2.6 per cent to S$9.96 million. Gross profit rose to S$4.95 million from S$4.79 million, up 3.5 per cent from a year ago. The group also recorded a smaller loss on fair valuation of financial assets, down to S$342,000 from S$812,000 the year before. For the nine-month period, net profit fell 30 per cent to S$4.38 million despite a 3.56 per cent rise in revenue to S$23.4 million.The increase in revenue was driven by an 18.3 per cent rise in revenue from the apparels business to S$4.08 million, and a 3.6 per cent rise in revenue from the gold business to S$11.34 million.
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