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PropNex's earnings for 4QFY2022 up by 24.5% y-o-y to $17.8 mil; FY2022 revenue hits record high

Felicia Tan
Felicia Tan • 4 min read
PropNex's earnings for 4QFY2022 up by 24.5% y-o-y to $17.8 mil; FY2022 revenue hits record high
Ismail Gafoor. Photo: Samuel Isaac Chua/The Edge Singapore
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PropNex Limited (SGX:OYY) has reported earnings of $17.8 million for the 4QFY2022 ended Dec 31, 2022, 24.5% higher than the earnings of $14.3 million in the corresponding period the year before.

This brings the group’s earnings for the FY2022 to $62.4 million, 3.9% higher y-o-y.

During the FY2022, revenue increased by 7.5% y-o-y to a record $1.03 billion, surpassing the $1 billion mark for the first time. This was boosted by the 23.3% y-o-y growth in 4QFY2022’s revenue of $293.4 million, which was a quarterly record.

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