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Perennial's Q2 net profit falls 93%

But group remains upbeat on AXA Tower, TripleOne Somerset, and its China strategy

Published Fri, Aug 5, 2016 · 09:50 PM

Singapore

PERENNIAL Real Estate Holdings' second-quarter net profit fell 93.2 per cent to a mere S$594,000, or 0.04 Singapore cent per share, in the absence of a year-ago acquisition fee and on lower rental revenue.

For the six months to June 30, net profit fell 25.6 per cent to S$9.1 million.

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Companies & Markets

Companies & Markets

Perennial's Q2 net profit falls 93%

Companies & Markets

Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336

Nasdaq’s profit falls as shaky economy keeps IPO revival elusive

iFast Q1 net profit surges on ePension unit performance

Suntec Reit Q1 DPU down 13% to S$0.01511 in absence of capital distribution

US: Wall St opens lower as Meta Platforms, economic data weigh

Sheng Siong Q1 net profit up 9.3% on higher revenue

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