SUBSCRIBERS
Absence of fair-value gain hits Centurion Q2 profit
Q2 earnings down 86% despite surge in revenue, higher gross profit margin
Add BT as a preferred source
Nisha Ramchandani
Published Thu, Aug 14, 2014 · 10:00 PM
CENTURION Corp's second-quarter net profit plunged 86 per cent to S$7.69 million from the year-ago period's S$56 million, which included a fair-value gain on investment properties of S$36.43 million.
Earnings per share fell to 1.02 Singapore cents from 7.41 Singapore cents.
Revenue for the April-June quarter surged 41 per cent to S$19.88 million, as its accommodation business reported healthy revenue growth.
Copyright SPH Media. All rights reserved.
