However, revenue declined by 25.7% to $16.0 million from $21.5 million last year, mainly attributable to the absence of revenue from TripleOne Somerset as a result of the deconsolidation following the divestment of a 20.2% equity stake in March 2017.
SINGAPORE (Feb 9): CIMB is reiterating its “add” call on Perennial Real Estate Holdings (PREH) with a target price of $1.12.
This came on the back of the group announced that its 4Q17 earnings increased by 7.9% to $27.6 million from $25.6 million last year, bringing FY17 earnings to $100.3 million, almost trebling from $35.1 million last year.
