Shares of PropNex Limited (“PropNex”) (SGX:OYY) have been on a tear, surging over 145% year to date, as Singapore sees a buoyant property market following the easing of Covid-19 restrictions as more of the population gets vaccinated. The group has recently announced its results for the second quarter ended on 30 June 2021 (“2Q2021”). In this article, we will delve into the group’s latest earnings to check on its recent business performance and also share some of the group’s latest corporate developments. 1. Impressive top and bottom-line growth PropNex reported a jumped in net profit after tax of 134.5% year-on-year to S$18.2 million in 2Q2021, on the back of a 147.2% growth in revenue over the same comparative period. The strong growth in both the top and bottom lines was a result of a higher number of transactions completed in 2Q2021 following improvements in both the Covid-19 situation and...