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Perennial posts quarterly net profit of S$4.78m

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Published Fri, Nov 6, 2015 · 09:50 PM

    Singapore

    PERENNIAL Real Estate Holdings posted a net profit of S$4.78 million for the quarter ended Sept 30 from income-producing assets in Singapore and operational assets held by Perennial China Retail Trust, which was consolidated with effect from November 2014.

    Revenue recorded for the quarter was S$22.9 million, due mainly to strong performance at CHIJMES and TripleOne Somerset in Singapore and Perennial Jihua Mall, Foshan, and Perennial Qingyang Mall, Chengdu, in China.

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