Raffles Education Corporation Limited reported earnings results for the second quarter and six months ended December 31, 2021. For the second quarter, the company reported sales was SGD 29.96 million compared to SGD 27.37 million a year ago. Net income was SGD 18.29 million compared to SGD 37.32 million a year ago. Basic earnings per share from continuing operations was SGD 0.0133 compared to SGD 0.0271 a year ago. Diluted earnings per share from continuing operations was SGD 0.0133 compared to SGD 0.0271 a year ago.
For the six months, sales was SGD 53.21 million compared to SGD 48.43 million a year ago. Net income was SGD 8.72 million compared to SGD 35.7 million a year ago. Basic earnings per share from continuing operations was SGD 0.0064 compared to SGD 0.0259 a year ago. Diluted earnings per share from continuing operations was SGD 0.0064 compared to SGD 0.0259 a year ago.