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Centurion’s profit climbs 125% YoY in FY2024

The company has recommended a final dividend of $0.02 per share.

Centurion’s net profit after tax attributable to equity holders increased 125% year-on-year (YoY) to $344.8m in the financial year 2024, boosted by net fair value gains of $219.1m.

The group’s revenue also increased 22% YoY to $253.6m, driven by healthy rental revisions and strong financial occupancies in Singapore, the United Kingdom, and Australia.

Breaking down by segment, the Purpose-Built Workers Accommodation division posted a 24% YoY revenue increase to $194.6m, whilst the Purpose-Built Student Accommodation division reported a 17% YoY rise, reaching $58.2m.

The company has recommended a final dividend of $0.02 per share.

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