Centurion to record ‘substantial increase’ in FY23 net profit

The company said the increase is mainly attributable to net fair value gains.

Centurion is expecting a “substantial increase” in its profit attributable to equity holders for FY23.

“Such an increase is mainly attributable to net fair value gains on the Group’s investment properties expected to be recognised in FY23,” the company said in a bourse filing.

Centurion, however, underscored that the announcement was based on a preliminary assessment of its unaudited consolidated management accounts for the fiscal year ending 31 December 2023.

“The company is finalising the group’s unaudited financial results for FY23,” Centurion said.

Centurion will release its unaudited financial results for FY23 on 28 February.