SINGAPORE (Nov 7): Perennial Real Estate Holdings saw its earnings nearly treble to $48.3 million for the 3Q18 ended September, some 183.3% higher than $16.9 million a year ago.

This was mainly due to fair value gain of $241.9 million from the valuation of two plots on Beijing Tongzhou Integrated Development Phase 1 which were identified for lease, following the receipt of construction permits.

3Q18 revenue rose 8.7% to $22.2 million, from $20.4 million a year ago.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook