The higher earnings come on the back of higher revenue, which surged 98.8% y–o-y to $234.41 million for the 3Q. Revenue was mainly driven by higher commission income from agency services of around $67.5 million and from project marketing services of approximately $48.9 million, as a result of the recovering economy which lead to higher transactions completed.
Real estate agency PropNex has reported earnings of $14.4 million for the 3QFY2021 ended September, 2.1 times higher than the $6.76 million recorded the previous year.
Earnings per share stood at 3.89 cents for the 3QFY2021, compared to 1.83 cents in the 3QFY2020.
