Interim report
Page 1
PropNex Service You Trust SINGAPORE PROPNEX LIMITED - PROPNEX'S 2Q2021 NET PROFIT AFTER TAX GREW 135 % TO S $ 18.2 MILLION Declares interim dividend of 5.5 Singapore cents per share Revenue grew 147 % to S $ 260.5 million Debt - free , strong cash position of S $ 120.7 million Extends regional footprint to Cambodia via master franchise Financial Highlights of the Group S $ ' 000 2Q2021 2Q2020 % Change 1H2021 1H2020 % Change Revenue 260,479 105,380 147.2 481,057 240,446 100.1 Gross Profit 27,837 12,327 125.8 51,114 27,162 88.2 PBT 22,028 9,031 143.9 41,403 18,906 119.0 NPAT 18,184 7,756 134.5 34,364 15,980 115.0 EPS ( in cents ) 4.46 1.96 127.6 8.47 4.01 111.2 - Singapore , 11 August 2021 – PropNex Limited ( " PropNex ” , or the “ Company ” , and together with its subsidiaries , the “ Group ” ) , Singapore's largest listed real estate agency , today reported a jump in net profit after tax ( " NPAT ” ) of 134.5 % year - on - year to S $ 18.2 million for the second quarter ended 30 June 2021 ( " 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 higher number of transactions completed in 2Q2021 following improvements in both the Covid - 19 situation and the economy . Despite the tightened measures under the Phase 2 ( Heightened Alert ) ( " P2HA " ) which disrupted developers ' launch activities and property viewings in the resale market in the second quarter , transaction volumes remained healthy . According to data from the Urban Redevelopment Authority and the Housing Page 1 of 5