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Impairment, revaluation dampen Perennial's Q4

The real estate firm is bullish about prospects in China's healthcare sector

Published Wed, Feb 8, 2017 · 09:50 PM
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Singapore

PERENNIAL Real Estate Holdings reported on Wednesday a 37.8 per cent fall in its fourth-quarter net profit, dragged in part by impairment costs related to Eden Residences Capitol and revaluation of investment properties.

It is bullish about prospects in China, and plans to expand into the healthcare sector in the world's most populous economy.

Net profit for the three months ended Dec 31, 2016 stood at S$25.6 million co…

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