Brief: Second Chance Properties Sees Lower Profit In 4Q2019 And Fy2019

Second Chance Properties

17/10/2019 12:18

Oct 17 (Reuters) - Second Chance Properties Ltd  SECD.SI :
    * IS EXPECTED TO REPORT A LOWER PROFIT IN 4Q2019 AND FY2019
    * EXPECTED RESULT DUE TO UNREALISED LOSS ON REVALUATION OF
PROPERTIES RECORDED IN FY2019
    * THERE IS A LOSS ON SALE OF INVESTMENT PROPERTY IN FY2019
AGAINST
PROFIT ON SALE OF INVESTMENT PROPERTY IN FY2018
    * GROUP IS EXPECTED TO REMAIN PROFITABLE FOR FY2019 AND Q4
ENDED
31 AUGUST 2019

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ17r3j6
Further company coverage:  SECD.SI 

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