The Business Times
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Fair-value gains boost Centurion's Q4

Net profit soars from $5.2m to $26.9m

Published Fri, Feb 28, 2014 · 10:00 PM

Singapore

FAIR-VALUE gains from the investment properties of Centurion and its joint venture, stemming from a change in accounting policy from a cost to fair-value model, boosted Centurion Corp's fourth-quarter net profit to $26.9 million for the three months ended Dec 31.

A year ago, it was just $5.2 million.

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