Centurion posts 30% increase in Q3 net income

CENTURION Corporation, which owns, develops and manages workers accommodation assets, yesterday reported a significantly firmer third-quarter bottom line than the year before, despite a slip in overall revenue.

Its net profit attributable to shareholders climbed 30 per cent to $5.4 million in the three months ended Sept 30, 2013.

Centurion said this was thanks mostly to its workers accommodation business, which accounted for $5.7 million - a growth of 33 per cent from the year before. Its optical disc business fared poorly, incurring a loss of $0.3 million, compared to a profit of $0.1 million the year before.