Perennial China Retail Trust posts Q2 DPU of 0.95 cents

SINGAPORE - Perennial China Retail Trust posted a distribution per unit (DPU) of 0.95 cent for its second quarter ended June 30.

Net profit for the period was $11.3 million, which was $8.8 million higher than the corresponding quarter last year.

The increase was mainly driven by revenue from Perennial Jihua Mall in Foshan and Perennial Qingyang Mall in Chengdu, as well as higher net property income from Shenyang Longemont Shopping Mall and the Shenyang Longemont Offices.

The trust will distribute 1.9 cents per unit on Sept 5, comprising both the first and second quarter DPU.

Join ST's Telegram channel and get the latest breaking news delivered to you.