PCRT distributable income slips 2.5%
Singapore
PERENNIAL China Retail Trust (PCRT), which owns and develops shopping malls in China, continued distributing income from earn-out funds while its malls are still under development.
It announced distributable income of $10.9 million for its fourth quarter ended Dec 31, 2013, down 2.5 per cent from $11.2 million a year ago. Gross revenue was $1.3 million, from none a year ago. Revenue came from Perennial Jihua Mall, Foshan, which began operations in the third quarter of 2013.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Thomson Reuters lifts 2024 forecast on first quarter revenue result
DBS customers unable to log into digibank, PayLah! on Thursday
US: Wall St opens higher after Fed leaves interest rates alone
Japan’s Sumitomo Corp net profit down 32% on Madagascar one-off loss
Moody's tops quarterly profit estimates on strong product demand
Hong Kong regulator brings insider trading charges against Segantii and its founder