Revenue in the same period was 3% to $64.7 million.
While revenue from its workers dorm held steady, its student dorm portfolio, which accounted for around a quarter of its total revenue, suffered a revenue drop of 25% y-o-y.
The company is maintaining a steady expansion into new market segments, and has enjoyed returns from some of these, including the so-called “quick build dormitories”.
“Centurion has delivered a resilient set of results notwithstanding the challenges arising from the Covid-19 pandemic,” says CEO Kong Chee Min.
“We will continue to strengthen management expertise and track record to drive portfolio expansion and value creation, in order to deliver sustainable value for our stakeholders,” he adds.
Centurion’s Singapore quoted shares closed Aug 10 at 33 cents, down 1.49% for the day, and down 8.33% year to date.
