Earnings of Mainboard-listed dormitory operator Centurion Corporation slipped 10% to $9.1 million in 2Q2020 ended June 30, from the $10.2 million posted a year ago.

This comes on the back of a 5% dip in its revenue to $31.1 million in 2Q2020, mainly due to the impact of the early lease termination allowed at its student accommodation facilities in the UK from May 1 and the lower occupancy at its dwell Village Melbourne City (formerly known as RMIT Village) in Australia.

The group was also hit by $1.3 million in additional expenses incurred to manage the spread of Covid-19 infections at its five purpose-built workers’ accommodation (PBWA) facilities in Singapore. 

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