Revenue, meanwhile, fell 7.96% y-o-y to $14.83 million for the period.
Second Chance Properties (SGX:528
) has reported net profit of $9.21 million for 1HFY2023 ended Feb 28, double that of the $4.60 million reported this time last year. This is mainly due to gain of $4.33 million on disposal of seven investment properties, says the company on March 29.
Less the gain on disposal of investment properties and the unrealised foreign exchange gain of $2.60 million, adjusted ebitda for 1HFY2023 would have been $4.04 million, down from $5.27 million this time last year.
