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Impairment, revaluation dampen Perennial's Q4

The real estate firm is bullish about prospects in China's healthcare sector

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Artist's impression of Perennial International Health and Medical Hub in Chengdu. Perennial is now turning its attention to the healthcare sector in the country.

Singapore

PERENNIAL Real Estate Holdings reported on Wednesday a 37.8 per cent fall in its fourth-quarter net profit, dragged in part by impairment costs related to Eden Residences Capitol and revaluation of investment properties.

It is bullish about prospects in China, and plans

sentifi.com

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