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Perennial Real Estate Q3 profit slumps 91%, revenue surges

Higher interest expenses hit bottomline; aggregate amount of loans repayable in one year or less balloons

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Artist's impression of TripleOne Somerset. The group said its Q3 revenue growth was mainly from the property's strata sales.

Singapore

REAL estate and China healthcare company Perennial Real Estate Holdings borrowed more heavily in its fiscal third quarter as earnings plunged, despite a jump in revenue that came largely on the back of strata sales at the TripleOne Somerset commercial property in Singapore.

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