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APAC Realty posts 9.3% decline in 2Q earnings to $7.7 million on higher agent commission

Stanislaus Jude Chan
Stanislaus Jude Chan8/8/2018 12:47 AM GMT+08  • 2 min read
APAC Realty posts 9.3% decline in 2Q earnings to $7.7 million on higher agent commission
SINGAPORE (Aug 7): Real estate services provider APAC Realty, which owns ERA Realty Network, saw its earnings fall 9.3% to $7.7 million for the 2Q18 ended June, from $8.5 million a year ago.
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SINGAPORE (Aug 7): Real estate services provider APAC Realty, which owns ERA Realty Network, saw its earnings fall 9.3% to $7.7 million for the 2Q18 ended June, from $8.5 million a year ago.

This brings the group’s earnings for 1H18 to $13.6 million, some 8.7% higher than the first half of last year.

2Q18 revenue rose 24.2% to $122.0 million, from $98.2 million a year ago.

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