Propnex Ltd.SGX: OYY

OYY: Net profit reached $19.0 million in 1H2024, with private resale driving resilient performance

· Issued by PropNex Ltd.

PropNex posted a net profit of $19.0 million on $345.6 million revenue in 1H2024, driven by strong private resale and HDB resale segments, despite a sharp drop in new home sales. Cautious optimism prevails for 2H2024 amid upcoming launches and stabilising prices.

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