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Perennial Q1 profit falls 86.7% in absence of one-off gain
Published Tue, May 8, 2018 · 09:50 PM
Singapore
THE absence of a one-off gain from the partial divestment of TripleOne Somerset last year has resulted in an 86.7 per cent fall in first-quarter net profit to S$5.14 million for Perennial Real Estate Holdings.
Revenue in the three months ended March 31 was S$14.95 million, down 26.1 per cent in the absence of revenue from TripleOne Somerset, which Perennial now accounts for as an associate.
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