The Board of Directors (the “Board”) of Second Chance Properties Ltd (the “Company” and together with its subsidiaries the “Group”) wishes to release the following announcement in conjunction with the full year unaudited results of the Group for the financial year ended 31 August 2013 (“FY 2013”) to be released on 30 October 2013.
Profit Alert
The valuations of the Group’s properties for FY 2013 as at 31 August 2013 carried out by Jones Lang LaSalle, indicate a substantial increase in value compared with the previous year which is in tandem with the rising commercial real estate market.
This will also result in a considerable increase in record net profit for FY 2013.
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