Second Chance Properties warns of ‘significant’ decline in net profit

The company had unrealised foreign exchange losses in 1H24.

Mainboard-listed Second Chance Properties expects its net profit attributable to shareholders to decrease “significantly” in 1H24.

In a bourse filing, the investment holding company attributed the expected increase to reduced gain on the disposal of investment properties and unrealised foreign exchange losses.

The company added that it only disposed of two investment properties in 1H24, whilst seven were divested in 1H23.

The company, however, clarified that it is still finalising its results for 1H24 and will release its unaudited financial statements for the period on 27 March.

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