During the period, the company accepted cash offer on de-listing of one of the available-for sale equity securities resulting in a profit of $2.2 million. There was no disposal of available-for-sale securities a year ago.
SINGAPORE (June 29): Second Chance Properties posted earnings of $5.4 million for the third quarter ended May, up 72.3% from $3.1 million a year ago.
This was mainly attributable to a four-fold increase in other income to $2.8 million, from $0.7 million in 3Q16, comprising mainly of profit on disposal of securities.
