PropNex reports lower FY2024 earnings but expects significant pick-up for 1HFY2025

Singapore’s largest real estate agency PropNex has reported earnings of $21.9 million for its 2HFY2024 ended Dec 31, 2024, down 14.9% y-o-y. This brings its full-year earnings to $40.9 million, 14.4% lower compared to the preceding FY2023. Revenue dipped 6.6% in FY2024 over FY2023, due to the “relatively subdued property market”. Nonetheless, to mark its […]