Centurion sees revenue fall by 13% to $30.7 mil in 1Q21 on lower revenue in PBSA segment

Dormitory operator Centurion Corporation has reported revenue of $30.7 million for the 1QFY2021 ended March, 13% lower than revenue of $35.5 million in the same period the year before.

The lower revenue was mainly due to lower revenue from the Purpose-Built-Student Accommodation (PBSA) segment, which fell 38.7% y-o-y to $7.7 million.

The lower PBSA revenue was attributable to the travel restrictions due to Covid-19, particularly in Australia.

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