Second Chance Properties Ltd. provided consolidated earnings guidance for the year ended August 31, 2023. For the year, it is expected that the Group's net profit attributable to shareholders of the Company for FY2023 will increase significantly when compared to the net profit after tax of $14,195,505 for the financial year ended 31 August 2022. The expected increase in the Group's net profit for FY2023 is mainly attributable to the increased dividend income received in Fiscal Year 2023 on quoted securities as well as gain on disposal of investment properties.

Additionally, there is a realized gain of $5.424 million upon cash acquisition as well as disposal of few equity instruments held by the Group and classified as financial assets, at fair value through other comprehensive income. This gain however, is taken directly to equity through retained earnings.