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Centurion sees 10% fall in 2Q earnings to $8.9 mil

Zavier Ong
Zavier Ong8/12/2016 12:03 PM GMT+08  • 1 min read
Centurion sees 10% fall in 2Q earnings to $8.9 mil
SINGAPORE (Aug 12): Centurion Corp, the operator of workers and student dorms, posted a 10% decline in 2Q earnings to $8.9 million from a year ago.
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SINGAPORE (Aug 12): Centurion Corp, the operator of workers and student dorms, posted a 10% decline in 2Q earnings to $8.9 million from a year ago.

This was due to higher finance costs that had increased by $2.5 million as a result of the group’s expansion initiatives.

Revenue rose 9% to $28.7 million, mainly due to contributions from the group’s diversified assets in workers and student accommodation, which grew 13%.

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