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PropNex’s 3Q21 earnings more than doubles to $14.4 mil

Atiqah Mokhtar
Atiqah Mokhtar11/10/2021 7:33 AM GMT+08  • 3 min read
PropNex’s 3Q21 earnings more than doubles to $14.4 mil
EPS stood at 3.89 cents for the 3Q21, compared to 1.83 cents in the 3Q20.
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Real estate agency PropNex has reported earnings of $14.4 million for the 3QFY2021 ended September, 2.1 times higher than the $6.76 million recorded the previous year.

Earnings per share stood at 3.89 cents for the 3QFY2021, compared to 1.83 cents in the 3QFY2020.

The higher earnings come on the back of higher revenue, which surged 98.8% y–o-y to $234.41 million for the 3Q. Revenue was mainly driven by higher commission income from agency services of around $67.5 million and from project marketing services of approximately $48.9 million, as a result of the recovering economy which lead to higher transactions completed.

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