SINGAPORE (Dec 27): Second Chance Properties, the property owner and retailer of gold ornaments and baju kurung, reported a net profit of $2.12 million in 1QFY2019 ended November, versus the net profit of $0.22 million posted in the same period a year ago.

Earnings per share for 1Q came in at 0.28 cent, up from 0.03 cent in the same period a year earlier.

The surge of nearly 10 times was mainly due to a fair value loss on financial assets of $2.09 million recorded in 1QFY2018 compared to a fair value gain of $0.25 million this year.

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