Home Capital Results

PropNex sees 6.1% decline in 1QFY2022 earnings of $13.9 mil

Felicia Tan
Felicia Tan5/11/2022 08:23 AM GMT+08  • 3 min read
PropNex sees 6.1% decline in 1QFY2022 earnings of $13.9 mil
Ismail Gafoor, co-founder, executive chairman and CEO of PropNex. Photo: Samuel Isaac Chua/The Edge Singapore
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.

PropNex Limited has reported earnings or PATMI of $13.9 million for the 1QFY2022 ended March, 6.1% lower than earnings of $14.8 million in the corresponding period the year before.

Earnings per share (EPS) for the quarter fell 6.2% y-o-y to 3.76 cents.

Revenue for the 1QFY2022 increased by 9.5% y-o-y to $241.6 million due to higher commission income from agency services. This was partly offset by lower commission income from project marketing services.

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