Due to the absence of a one-off gain.
Dormitory developer Centurion Corporation reported a 69% drop in its full-year net profit due to the absence of a fair value gain which was recorded in the preceding year.
The group also reported the write down of an investment in an associated company.
Excluding the one-off and fair value gains, and the write down of investment in an associated company, the net profit after tax derived from Centurion’s core business stood at $35.6 million in FY2015, driven by its accommodation operations.
Do you know more about this story? Contact us anonymously through this link.