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Fair value gains lift Perennial's Q4 net profit

Singapore

PERENNIAL Real Estate's fourth- quarter profit rose 7.9 per cent to S$27.6 million, driven by fair value gains of S$39.2 million mainly from the revaluation of China projects.

Revenue in the three months to Dec 31 sank 25.7 per cent to S$16 million, owing to the partial

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