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

Full-year earnings down 22%; group proposes dividend of 0.4 Singapore cent for FY2018

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The group is looking to reposition Capitol Singapore as a retail mall by enhancing its tenant mix with brands that are new to Singapore.

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.

sentifi.com

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