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APAC Realty reports 38.8% lower earnings of $7.2 mil for FY2024 from fewer new home sales

Nicole Lim
Nicole Lim • 2 min read
APAC Realty reports 38.8% lower earnings of $7.2 mil for FY2024 from fewer new home sales
APAC Realty CEO Marcus Chu. New home sales typically yields higher margins, but the decrease in sales in this segment has led to a decline in net profit. Photo: Samuel Isaac Chua/The Edge Singapore
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APAC Realty has reported earnings of $7.2 million for FY2024 ended Dec 31, 2024, down 38.8% y-o-y. The real estate group saw its 2HFY2024 declining 53.6% y-o-y to $3.14 million.

Earnings per share for FY2024 came in at 2.02 cents per share. 

Revenue for FY2024 grew 0.7% y-o-y to $557.3 million, and revenue for 2HFY2024 declined 0.6% y-o-y to $295.9 million.

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