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Divestment gains bolster Q1 bottom line of Perennial Real Estate Holdings

Singapore

PERENNIAL Real Estate Holdings posted a more than four-fold jump in first-quarter net profit to S$38.7 million from a year ago, bolstered by divestment gains from the sale of a 20.2 per cent stake in TripleOne Somerset and the remeasurement gain from the retained 30 per cent

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