Centurion H1 net profit falls 58% to S$8.7 million on fair-value loss, lower student accommodation revenue
Yong Jun Yuan &
Claudia Tan HS
Singapore
WHILE mainboard-listed Centurion Corp, which operates purpose-built worker and student accommodation (PBWA and PBSA respectively), continues to face near-term headwinds amid social distancing and lockdown measures, recovery is in sight for some of its assets.
In an earnings call on Wednesday, the company said it believes that as business and travel activities resume and vaccines are rolled out globally, occupancy is expected to pick up.
TRENDING NOW
From AI financing to Indonesia outlook: 4 takeaways from Singapore banks’ Q3 results
VinFast, Mitsubishi weigh Philippine EV production as state incentives near
Analysts cut DBS target price on lower 2027 earnings, but see buying opportunity after share price slide
Could Japan trigger the next global financial crisis?