Revenue for 1Q19 at $24.9 million was 66.3% higher than a year ago, mainly lifted by revenue from Capitol which was consolidated since May 2018, revenue from PIHMH and higher fee income from its management businesses.
SINGAPORE (May 7): Perennial Real Estate Holdings reversed into 1Q19 losses of $26.9 million, compared to earnings of $5,1 million a year ago.
The negative bottomline was mainly due to higher finance costs and expensing of startup and operating costs for Perennial International Health and Medical Hub (PIHMH) in Chengdu and The Capitol Kempinski Hotel Singapore.
