Perennial records S$33.5m profit for 8-month period post-RTO

Singapore

PERENNIAL Real Estate Holdings Limited recorded a total profit after tax and minority interest (Patmi) of S$33.5 million for the period of about eight months from Oct 28, 2014, to June 2015. This was after the completion of the reverse takeover (RTO) of St James Holdings on Oct 27, 2014.

Excluding the one-off transaction cost amounting to S$11.4 million, which arose from the RTO and the group's voluntary general offer (VO) for Perennial China Retail Trust (PCRT), Patmi for the period post-RTO amounted to S$44.9 million, the company said on Tuesday.