PropNex Ltd. (SG:OYY) has released an update.
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At PropNex Ltd.’s recent AGM, the company presented a financial overview revealing an 18.6% drop in revenue and a slight decrease in gross profit margin for FY2023, attributed to lower project marketing contributions. Other income fell by over half, while the company celebrated its fifth anniversary of listing on the SGX-ST with notable achievements including a salesforce expansion and rapid regional growth. Despite financial challenges, the company showcased resilience with a recovery of previously impaired trade receivables.
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