In my earlier post on Second Chance Properties stock, I have analysed the company’s businesses based on the company’s FY 2013 annual report as that was the latest report I could find on the company’s website. Since then, I was told that the company’s annual report 2014 was already released and I have found a copy of this annual report from SGX’s website. Hence in this post, I would analyse Second Chance Properties businesses from its FY2014 annual report. Drawing on my earlier post, I would skip the details of the business which I have earlier elaborated (you can read the earlier post here
(1) Net profit (after tax) of $16.5 million vs $57.1 million of FY2013
For first-time reader of Second Chance Properties’ annual report, I think he may be surprised at this approximately 70% reduction in the net profits. However, as I have shared in my ......