Perennial Q4 profit dives 42% to S$16m as finance costs soar 64%

Singapore

HIGHER finance costs took a toll on Perennial Real Estate Holdings' fourth-quarter earnings, pushing profit down 42 per cent to S$16 million.

Earnings per share (EPS) for the three months ended Dec 31 was 0.96 Singapore cent, down from 1.66 cents a year earlier.

The real estate and healthcare player proposed a cash dividend per share of 0.4 Singapore cent to be paid out on May 22 for FY2018. Div…