Centurion H1 net profit falls 58% to S$8.7 million on fair-value loss, lower student accommodation revenue

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.