In the PBWA segment, revenue increased 24% y-o-y to $194.6 million. The segment’s average financial occupancy decreased marginally to 94% in FY2024 largely due to a reduction in Malaysia’s average financial occupancy which has beds unavailable during asset enhancement initiatives (AEI) works.
Centurion Corporation has reported earnings of $344.8 million for the FY2024 ended Dec 31, 2024, up 125% y-o-y. For the 2HFY2024, earnings came up to $226.6 million, up 97% y-o-y.
For FY2024, group revenue grew 22% y-o-y to $253.6 million, largely due to strong revenue contributions from both the group’s Purpose-Built Workers Accommodation (PBWA) and Purpose-Built Student Accommodation (PBSA) segments.
