SINGAPORE (Oct 28): Second Chance Properties’ earnings plummeted 63.3% to $2.1 million in the fourth quarter ended Aug 31, 2015, from $5.7 million a year earlier.

Revenue fell 8.8% to $16.3 million from $17.9 million previously.

For the full-year, top line and bottom line also fell to $45.8 million and $10.3 million, respectively.

The diversified entity reported a mixed performance from its apparel, gold, properties and securities segments.

Second Chance says the next 12 months remain challenging for the retail sector given the unstable global economic outlook, persisting labour woes and weaker tourist arrival growth.

It expects the gold business to remain profitable.

It says that rising business costs and labour constraints continue to hit retail rents, resulting in higher vacancies and downward pressure on rentals.

Shares of Second Chance ended up one cent or 3.3% at 31 cents.