PropNex - CGS-CIMB Research 2023-02-28: Making The Right Moves

PropNex - Making The Right Moves

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PROPNEX LIMITED (SGX:OYY) | SGinvestors.ioPROPNEX LIMITED (SGX:OYY)
  • PropNex (SGX:OYY) reported 4Q22 revenue of S$298.4m, +23.3% y-o-y, underpinned by a sharp jump in agency services revenue. PATMI grew by 24.5% y-o-y to S$17.8m on lower staff costs and one-off gain on disposal of an associate, partly offset by a slight dip in gross profit margin to 10.3% due to product mix and higher other expenses. See PropNex's announcement dated 28 Feb 2023. FY22 revenue improved by 7.5% y-o-y to S$1.03bn while PATMI was 3.9% higher to S$62.4m.
  • - Read this at SGinvestors.io -
  • - Read this at SGinvestors.io -


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