Business
OYY: Net profit reached $19.0 million in 1H2024, with private resale driving resilient performance
OYY: Net profit reached $19.0 million in 1H2024, with private resale driving resilient performance
About this update from 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.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.