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APAC Realty clocks 1HFY2022 earnings of $16.6 million, plans 3.5 cents interim dividend

The Edge Singapore
The Edge Singapore8/8/2022 09:05 PM GMT+08  • 3 min read
APAC Realty clocks 1HFY2022 earnings of $16.6 million, plans 3.5 cents interim dividend
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APAC Realty, which runs the ERA property agency business, has reported earnings of $16.6 million for 1HFY2022 ended June, down 2.8% y-o-y. Revenue in the same period dipped by 4.4% y-o-y to $342.6 million.

The company attributes the performance to a lower volume of resale and rental transactions brokered, down 9.6% y-o-y to $199 million. The resale market saw a total of 7,932 units changing hands, down 21.4% y-o-y.

On the other hand, new sales held up well, with a 4.2% increase in revenue to $139.3 million for this segment over the year earlier 1HFY2021.

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