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The Place Holdings back in black with net profit of $2.96 mil for FY2023

Jovi Ho
Jovi Ho • 2 min read
The Place Holdings back in black with net profit of $2.96 mil for FY2023
The crowd at Sceneca Residence on the first day of preview. Photo: MCC Singapore
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Mainboard-listed The Place Holdings (SGX:E27) has reported net profit attributable to shareholders of the company of $2.96 million for FY2023 ended Dec 31, 2023, up from a net loss of $12.46 million this time last year.

The group’s revenue increased 187% y-o-y to approximately $2.21 million, which was solely contributed by its integrated media-related business unit on the back of China’s reopening in early FY2023. 

Notably, the revenue of its integrated media-related business unit in FY2023 has recovered back to pre-Covid-19 levels, says the group on Feb 29.

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