The net profit of Joyce Corporation Ltd, property investors and operators of Bedshed Franchising Pty Ltd, has fallen 29 per cent to $3.2 million, from $4.5 million in the previous financial year, the company has announced.

The net profit of Joyce Corporation Ltd, property investors and operators of Bedshed Franchising Pty Ltd, has fallen 29 per cent to $3.2 million, from $4.5 million in the previous financial year, the company has announced.