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Perennial's Q1 profit buoyed by fair value gain

Published Fri, May 13, 2016 · 09:50 PM
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Singapore

BUOYED by fair value gain, Perennial Real Estate Holdings' net profit jumped in the first quarter ended March 31 to S$8.47 million, compared to S$3.42 million a year ago.

This fair value gain was derived from a revaluation of Chengdu East High Speed Railway (HSR) Integrated Development Plot D2, wh…

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