Centurion Corp expects to report 1HFY2022 earnings of at least 250% higher than the $8.7 million reported for 1HFY2021.
The operator of student and workers’ dormitories explains this is because of a fair value gain it plans to make for the half year ended June 30.
In contrast, Centurion reported a fair value loss of $14.5 million recorded for 1HFY2021.
The company expects better operating numbers too from contributions from newly-expanded properties, as well as improvement in occupancy rates across its properties in Singapore, UK and Australia.
Centurion shares closed Aug 1 at 38 cents, down 1.32% for the day but up 13.64% year to date.
