Home Capital Results

PropNex 4Q earnings fall 58% to $1.8 mil on lower revenue, higher staff costs

Stanislaus Jude Chan
Stanislaus Jude Chan2/26/2019 12:52 PM GMT+08  • 3 min read
PropNex 4Q earnings fall 58% to $1.8 mil on lower revenue, higher staff costs
SINGAPORE (Feb 26): Real estate agency PropNex saw its earnings fall 57.7% to $1.8 million for the 4Q18 ended December, from $4.3 million a year ago.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Feb 26): Real estate agency PropNex saw its earnings fall 57.7% to $1.8 million for the 4Q18 ended December, from $4.3 million a year ago.

This bring full-year earnings for FY18 to a record $19.4 million, some 19.3% higher than a year ago.

Excluding a one-off initial public offering (IPO) expenses of $1.1 million in FY18, the group would have registered earnings of $23.1 million for the full year, representing an increase of 22.0% from FY17.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now