Home Capital Results

Perennial posts 42% fall in 4Q earnings to $16 mil; dividend drops 60% to 0.4 cent per share

Stanislaus Jude Chan
Stanislaus Jude Chan2/13/2019 07:42 AM GMT+08  • 3 min read
Perennial posts 42% fall in 4Q earnings to $16 mil; dividend drops 60% to 0.4 cent per share
SINGAPORE (Feb 13): Real estate and healthcare company Perennial Real Estate Holdings (PREH) saw its earnings fall 42.0% to $16.0 million for the 4Q18 ended December, from $27.6 million a year ago.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Feb 13): Real estate and healthcare company Perennial Real Estate Holdings (PREH) saw its earnings fall 42.0% to $16.0 million for the 4Q18 ended December, from $27.6 million a year ago.

This brings full-year earnings for FY18 to $78.1 million, some 22.2% lower than earnings of $100.3 million a year ago.

The decline was mainly due to the absence of divestment gain, higher finance costs arising from the consolidation of Capitol Singapore’s debt post-acquisition of the 50% stake to take full ownership of the asset, new loans to fund investments, higher interest rate, and the non-capitalisation of interest expenses for Perennial International Health and Medical Hub (PIHMH) in Chengdu upon its completion of works.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now