PropNex Limited's H1 2024 profit declines to $19.45m

Interim dividend stood at 2.25 cents per share.

PropNex Limited reported a 15.2% decline in profit for the first half of the year, amounting to $19.45m, according to its bourse filing.

Revenue fell by 5% to $345.58m from $364.28m last year, while its gross profit margin dropped to 9.7%.

The project marketing segment was the top revenue contributor at $91.3m (27%), followed by private resale at $79.4m (23%), and rental at $77.9m (23%). The remaining 27% were accounted for by HDB resale ($64.8m), landed resale ($16.4m), and commercial and industrial transactions ($11.3m).

The company declared an interim dividend of 2.25 cents per share.

Follow the link for more news on

PropNex

Financial Statements

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia