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.

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.