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Perennial posts 86.7% drop in 1Q earnings to $5.1 mil on absence of one-off gain

Stanislaus Jude Chan
Stanislaus Jude Chan5/8/2018 06:34 PM GMT+08  • 2 min read
Perennial posts 86.7% drop in 1Q earnings to $5.1 mil on absence of one-off gain
SINGAPORE (May 8): Perennial Real Estate Holdings saw its earnings plunge 86.7% to $5.1 million for the 1Q ended March, from $38.7 million a year ago.
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SINGAPORE (May 8): Perennial Real Estate Holdings saw its earnings plunge 86.7% to $5.1 million for the 1Q ended March, from $38.7 million a year ago.

This was mainly due to the absence of a one-off gain last year from the divestment of a 20.2% equity stake in TripleOne Somerset.

1Q18 revenue fell 26.1% to $14.9 million, from $20.2 million a year ago.

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