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Centurion remains optimistic on higher rental reversions, tight supply conditions

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Yong Jun Yuan

Yong Jun Yuan

Published Fri, Aug 11, 2023 · 06:34 PM
    • Centurion intends to bid competitively to continue to grow its portfolio.
    • Centurion intends to bid competitively to continue to grow its portfolio. PHOTO: BT FILE

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    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.

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    Centurion CorpDormitoriesFinancial results

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