Dorm operator Centurion Corp has reported earnings of $8.7 million for 1HFY2021, down 58% y-o-y, as the company booked a fair value loss of $14.5 million on its properties.

Excluding fair value adjustments, profit from core business operations attributable to equity holders was just 3% down y-o-y to $20.4 million.

Revenue in the same period was 3% to $64.7 million.

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