Centurion shares fall as much as 10% on two-third tumble in H1 profit

[SINGAPORE] Shares of Centurion Corp fell as much as 10 per cent on Thursday (Aug 13) morning after it reported a 64 per cent drop in net profit for its first half ended Jun 30, falling to S$26.5 million from S$73.9 million in the corresponding year-ago period.

At 9.16 am, the company’s shares were trading at an intra-day low of S$1.53, 10 per cent or S$0.17 lower.

By 10.07 am, it was trading at S$1.56, still S$0.14 or 8.2 per cent down, after almost 1.7 million shares worth over S$2.6 million changed hands.

Its net profit drop was attributed to higher net fair value losses on investment properties and a share of losses from associated companies, the group’s said on Wednesday.

Revenue for the half year grew 31 per cent to S$184.9 million, up from S$140.7 million previously. However, net fair value loss on investment properties widened to S$32.8 million for H1, compared with a net fair value loss of S$3.5 million in the year-ago period.

This included S$19.1 million in stamp duties paid for the acquisition of Macquarie Park by Centurion Accommodation Real Estate Investment Trust.

SEE ALSO

Centurion H1 net profit drops 64% to S$26.5 million

Asean Intelligence

Get insights into businesses across South-east Asia

Get the free report

Centurion also recorded a S$4.2 million share of losses from associated companies in H1 2026.

Earnings per share for H1 stood at S$0.0315 a share, down from S$0.0879 a share a year earlier.

The board declared an interim dividend of S$0.02 a share for H1 2026, unchanged from a year ago.