This is despite a slightly higher revenue.
The profit after tax of APAC Realty Limited fell 38.5% year-on-year to $6.5m in the financial year 2024 despite a slightly higher revenue.
The company recorded a $561m revenue during the year, inching up by 0.7%.
However, its net profit was dragged by lower contributions from new home sales, which typically yield higher margins.
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