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Dorm operator Centurion braces for slower earnings despite 13% increase in 1Q20 revenue

Amala Balakrishner
Amala Balakrishner • 3 min read
Dorm operator Centurion braces for slower earnings despite 13% increase in 1Q20 revenue
While the numbers are looking up, Centurion has flagged concerns of rising operating costs amid the Covid-19 pandemic.
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SINGAPORE (May 15): Mainboard-listed dormitory operator Centurion Corporation saw its revenue inch 13% up to $35.5 million in 1Q20 ended March, from $31.3 million a year ago.

The workers accommodation business segment grew 15% y-o-y in revenue to $22.8 million following the increased capacity at its purpose-built workers’ accommodation (PBWA) facility at Westlite Juniper in Singapore which commenced operations in 3Q19.

At this level, PBWA operations accounted for 64% of total revenue inflows, the company reported in a regulatory filing on May 14.

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