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APAC Realty posts 48% drop in 4Q earnings to $4.1 mil on lower revenue

Stanislaus Jude Chan
Stanislaus Jude Chan2/28/2019 05:40 PM GMT+08  • 3 min read
APAC Realty posts 48% drop in 4Q earnings to $4.1 mil on lower revenue
SINGAPORE (Feb 28): Real estate agency APAC Realty, which operates the ERA brand, has announced a 48.1% drop in earnings to $4.1 million for the 4Q18 ended December, from $7.9 million a year ago, on the back of lower revenue.
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SINGAPORE (Feb 28): Real estate agency APAC Realty, which operates the ERA brand, has announced a 48.1% drop in earnings to $4.1 million for the 4Q18 ended December, from $7.9 million a year ago, on the back of lower revenue.

This bring full-year earnings to $24.2 million for FY18, 6.4% lower than earnings of $25.9 million a year ago.

Total revenue fell 36.9% to $81.9 million in 4Q18, from $129.7 million a year ago.

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