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Perennial sinks to 3Q loss of $9.9 mil on lower one-off gains

Stanislaus Jude Chan
Stanislaus Jude Chan11/5/2019 06:25 PM GMT+08  • 2 min read
Perennial sinks to 3Q loss of $9.9 mil on lower one-off gains
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SINGAPORE (Nov 5): Perennial Real Estate Holdings reversed into the red with a net loss of $9.9 million for the 3Q19 ended September, compared to earnings of $48.3 million a year ago.

This translated to loss per share of 0.60 cents for 3Q19, compared to earnings per share of 2.90 cents in 3Q18.

The decline was largely due to lower other income, which plunged to $13.1 million in 3Q19, compared to $242.8 million a year ago.

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