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Fair value loss cuts Centurion's Q4 earnings by almost two-thirds

S$2.9 million profit comes on 23 per cent higher revenue of S$35 million

CENTURION Corporation on Wednesday reported a 61 per cent drop in net profit to S$2.9 million for its fourth quarter, which translates to an earnings per share of 0.4 Singapore cent, down from 0.99 cent a year ago.

This was due to a large fair value loss it suffered on its workers'...

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