Revenue of Mainboard-listed dormitory developer-cum-operator Centurion Corp slipped by 11% to $29.4 million in 3QFY2020 ended September, from the $33.1 million posted a year ago.

This is a result of lower occupancy levels in its portfolio, particularly in its purpose-built student accommodation (PBSA) properties in Australia and the United Kingdom which were affected by the health measures imposed to curb the spread of Covid-19 infections.

Its PBSAs in Melbourne and Manchester were among the worst hit as the two cities dealt with travel restrictions and the closure of universities. 

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