SUBSCRIBERS
Perennial's Q1 profit buoyed by fair value gain
Published Fri, May 13, 2016 · 09:50 PM
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, which was reclassified to investment property following the change of use from strata sales to long-term holding for lease.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Live Nation’s revenue beats estimates as boom in concerts drive ticket sales
Apple profit ebbs as iPhone sales under pressure
DBS customers unable to log into digibank, PayLah! on Thursday
NYSE-parent ICE’s revenue misses as muted IPO markets offset record energy trading
Amazon bets big with CrowdStrike on cybersecurity products
Goldman Sachs scraps EU-era bonus cap for top bankers in UK: source