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Perennial posts S$21m profit for half year

Earnings, revenue buoyed by fair value gains, income from operational property assets

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PERENNIAL Real Estate Holdings Ltd (PREH) posted a net profit of S$20.97 million and revenue of S$21.76 million for the six months ended Dec 31, 2014, buoyed by fair value gains and income from operational property assets.

Singapore

PERENNIAL Real Estate Holdings Ltd (PREH) posted a net profit of S$20.97 million and revenue of S$21.76 million for the six months ended Dec 31, 2014, buoyed by fair value gains and income from operational property assets.

This marked a turnaround from a net loss of S$2.

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