Revenue of $17.9 million in 2Q17 was lower than the $24.1 million registered in the same period last year, largely due to lower project management fees as well as the absence of revenue from TripleOne Somerset as a result of the deconsolidation following the divestment of a 20.2% stake in March.
SINGAPORE (Aug 8): Perennial Real Estate Holdings has announced 2Q17 earnings surged to $17.1 million compared to $0.6 million a year ago.
The increase was mainly due to the fair value gain of $16.6 million from the revaluation of Xi’an North High Speed Railway Integrated Development Plot 4.
