The Board of Directors of Perennial Real Estate Holdings Limited announced that, following a preliminary review of the unaudited management accounts of the company and its subsidiaries for the first quarter ended 31 March 2019. The group is expected to record a net loss for the quarter which is primarily due to weaker operating performance of newly operational assets and higher financing costs. The Group expects to turn profitable in the second quarter of 2019 on completion of the disposal of the entire stake in Chinatown Point Mall as announced on 22 April 2019.