Second Chance Properties’ full-year net profit up 31% to S$24.1m

Second Chance Properties has turned in net profits for the sixth straight year.

The company saw net profit for the full-year ended June improve 31 per cent to S$24.1 million.

This was achieved on the back of revenue of S$53.2 million, up S$5 million from the previous year.

The company distributed a tax-exempt dividend of 3 Singapore cents per share in July, and has recommended dividends of 3.5 cents per share for the financial year ending June 2009, and 3.8 cents per share for the year after that.

Looking forward, the company said it is slowing down its expansion in Malaysia due to the deepening political crisis.

Source : Channel NewsAsia – 27 Aug 2008

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