Centurion remains optimistic on higher rental reversions, tight supply conditions

MAINBOARD-LISTED dormitory operator Centurion Corporation has benefited from tight supply conditions, amid a shortage of worker accommodation in Singapore.

Still, it intends to bid competitively to continue to grow its portfolio, said the group’s chief executive Kong Chee Min at a briefing on Friday (Aug 11), a day after the company announced its results for the first half ended June.

Centurion’s net profit grew 16 per cent year-on-year (y-o-y) to S$38.3 million in H1, while revenue rose 8 per cent to S$97.9 million.