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Centurion gains on expanded worker accommodation portfolio; number of beds to fall in 2022
Property management firm posts net profit of S$52.7m for full year ended Dec 2021, up sharply from S$17.2m a year earlier
Published Fri, Mar 4, 2022 · 09:50 PM
Singapore
MAINBOARD-LISTED Centurion Corporation saw increased revenue from its expanded worker accommodation portfolio, although increased capital expenditure from the retrofitting of its purpose-built dormitories (PBDs) may hurt profits in the coming year.
The property management company posted a net profit of S$52.7 million for the full year ended December 2021, up sharply from S$17.2 million it registered a year earlier.
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