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Apac Realty sees 25% decline in FY2022 earnings to $26.6 mil

Samantha Chiew
Samantha Chiew • 3 min read
Apac Realty sees 25% decline in FY2022 earnings to $26.6 mil
Apac Realty records lower earnings in FY2022 due to lower property transactions.
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Apac Realty (SGX:CLN) announced that its FY2022 ended Dec 31, 2022 earnings has declined by 25% y-o-y to $26.6 million from $35.4 million a year ago.

This is as total revenue dropped by 4.7% to $705.0 million from $740.0 million in the same period last year.

Revenue from real estate brokerage fees and related services decreased by approximately 4.8% to $700.4 million from $735.4 million in FY2021, following a decrease in property transactions completed during the year.

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