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Perennial's Q2 net profit falls 93%

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

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Published Fri, Aug 5, 2016 · 09:50 PM

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    Perennial Real Estate

    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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