Second Chance Properties posted a 48.4% rise in earnings to $2.5
million for the 1Q16 ended Nov despite revenue recording a fall of 7.1%
to $8.2 million.
Sales from apparel business decreased to $1.74 million from $2.25
million a year ago. Of the $1.74 million, Malaysian apparel business
contributed $1.40 million. The closure of four shops in Malaysia, the
introduction of GST, the weakening Malaysian Ringgit and intense
competition there, all resulted in the decreased revenue.
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