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APAC Realty's earnings drop 59.9% y-o-y for the FY2023, a continuous decline for two consecutive years

Nicole Lim
Nicole Lim • 3 min read
APAC Realty's earnings drop 59.9% y-o-y for the FY2023, a continuous decline for two consecutive years
The group's decrease in revenue can be attributed to a decrease in property transactions completed during the 2HFY2023. Photo: Albert Chua/The Edge Singapore
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APAC Realty has reported a 59.9% y-o-y decline in its net profit for the FY2023 ended Dec 31, 2023, at $10.6 million, a continuous drop in its earnings for two consecutive years. 

The group’s net profit attributable to shareholders saw a 55.7% y-o-y decline for the period to $11.78 million.

The earnings per share for the FY2023 has therefore declined 55.6% y-o-y to 3.32 cents, from 7.48 cents in the same period a year before. 

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