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Perennial Q1 profit falls 86.7% in absence of one-off gain

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

sentifi.com

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