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28-06-2018, 07:16 PM
Second Chance to close more baju kurung stores to arrest profit slide
By: PC Lee
28/06/18, 06:41 pm
SINGAPORE (June 28): Second Chance Properties reported a 61.6% fall in 2Q net profit to $2.1 million from $5.4 million a year ago on lower sales
Revenue for the three months ended May closed 3.2% higher at $9.7 million but cost of sales rose 10.8% to $4.9 million. This resulted in gross profit falling 3.6% to $4.8 million.
Second Chance says its apparel business continues to be affected by increasing trend of online sales as well as poor consumer spending. To prevent future losses, four more stores will be closed this year leaving only one First Lady Store in Singapore and another in Malaysia.
More details in https://www.theedgesingapore.com/second-...ofit-slide
Second Chance today closed at S$0.24.
Third Quarter Financial Results : http://infopub.sgx.com/FileOpen/Second%2...eID=512324
By: PC Lee
28/06/18, 06:41 pm
SINGAPORE (June 28): Second Chance Properties reported a 61.6% fall in 2Q net profit to $2.1 million from $5.4 million a year ago on lower sales
Revenue for the three months ended May closed 3.2% higher at $9.7 million but cost of sales rose 10.8% to $4.9 million. This resulted in gross profit falling 3.6% to $4.8 million.
Second Chance says its apparel business continues to be affected by increasing trend of online sales as well as poor consumer spending. To prevent future losses, four more stores will be closed this year leaving only one First Lady Store in Singapore and another in Malaysia.
More details in https://www.theedgesingapore.com/second-...ofit-slide
Second Chance today closed at S$0.24.
Third Quarter Financial Results : http://infopub.sgx.com/FileOpen/Second%2...eID=512324
Specuvestor: Asset - Business - Structure.