Perennial posts S$24.7m profit for 5-month period

Singapore

MAINBOARD-LISTED Perennial Real Estate Holdings has posted a profit after tax and minority interests (Patmi) of S$24.7 million for the five months from Oct 28, 2014, to March 31, 2015, following the reverse takeover (RTO) of St James Holdings on Oct 27 last year.

Patmi for the period after the RTO amounted to S$36.1 million, excluding the one-off transaction cost of S$11.4 million that arose from the RTO and the group's voluntary general offer (VGO) for Perennial China Retail Trust.