Second Chance Properties has reported a 20 per cent on-year rise in net profit to S$3.5 million for the second quarter ended December 31. This is despite group revenue declining 2 per cent to S$9.5 million in the quarter. The higher profit came on the back of a 119 per cent decline in other operating expenses over the three-month period. Looking ahead, Second Chance Properties said in a statement that...
Second Chance Properties
Singapore's Second Chance Properties, which started out as a retailer of traditional Malay clothes and gold jewellery, has set its sights on real estate to fuel its next phase of growth. The company is betting that euro zone sovereign debt problems will spur another global crisis, giving it a chance to pick up about S$250 million worth of properties in the next five years, its chief executive said. "For...
Mainboard-listed Second Chance Properties has posted a 35 per cent rise in its second-quarter net profit to S$2.9 million. This came on the back of a 3.4 per cent increase in revenue to S$9.7 million over the same three months ended December 31. The company said the increase in net profit was mainly due to better performance of its apparel division and the substantial increase in its rental income. That...
Mainboard-listed Second Chance Properties on Friday said that its net profit for its fiscal first quarter rose 27.94 per cent from a year earlier to S$5.92 million. Meanwhile, revenue increased 8.89 per cent from the year-earlier period to S$19.3 million. The company said its apparel, properties and securities units performed well. The only exception was its gold division, where revenue fell by 6.36 per...
Second Chance Properties says the group’s net profit declined 13.7% to $4.6 million for the three months ending Sept 30, 2009 (1QFY2010) from $5.4 million in 1QFY2009. This was because revenue decreased 7.7% to $17.7 million in 1QFY10 from $19.2 million in 1QFY09 due to weakened economy. Cost of sales and other operating expenses also reduced by $0.7 million. Revenue from its Malaysian operations...
Second Chance Properties has bought 22 prime units of retail space at Sim Lim Square for S$35 million, as valued by real estate consultancy Jones Lang LaSalle. The 22 units cover 9,604 square feet on the fifth floor of Sim Lim Square, which is located at Rochor Canal Road. Second Chance Properties said the units are fully tenanted to 27 retailers and the gross rental per annum stands at S$2.634 million,...
Switching from clothes to property, the Singapore brand remains very viable FOR those who want to foray into real-estate investment trusts (Reits) but are finding them a tad too expensive, a cheaper alternative would be former shirt maker and retailer Second Chance Properties. It is not exactly a Reit in the strict sense, as it has other businesses, including apparel, gold, jewellery and securities...
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...