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Second Chance Properties records $10.4 mil profit in 2HFY2023 on the back of growing securities business

Khairani Afifi Noordin
Khairani Afifi Noordin • 2 min read
Second Chance Properties records $10.4 mil profit in 2HFY2023 on the back of growing securities business
Second Chance’s securities business witnessed significant increase in revenue, up 35.3% to $18.29 in FY2023. Photo: Albert Chua/The Edge Singapore
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Second Chance Properties (SGX:528) has recorded $10.4 million in net profit for 2HFY2023 ended September, 8.89% higher y-o-y.

Revenue for 2HFY2023 increased marginally to $27.07 million, while gross profit for the period increased by 18.41% to $18.9 million.

For the full year, the company recorded net profit of $19.6 million, up 38.4% from the previous corresponding period. Revenue declined by 2.8% y-o-y to $41.9 million. 

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