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