Dormitory demand drives Centurion's Q3 net profit up 47%

Singapore

CENTURION Corporation, which is in the dormitory business, reported on Friday a 47 per cent growth in net profit to S$7.92 million for the third quarter ended Sept 30, 2014, compared with S$5.39 million a year ago. Earnings per share improved to 1.05 Singapore cents from 0.71 cent.

Revenue rose 46 per cent to S$20.90 million, driven mainly by its accommodation business, which recorded a revenue growth of 61 per cent to reach S$19.4 million. In contrast, its optical disc business saw a drop in revenue of S$0.8 million in Q3 due to weaker demand.