Absence of fair-value gain hits Centurion Q2 profit
Q2 earnings down 86% despite surge in revenue, higher gross profit margin
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Nisha Ramchandani
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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.
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