Photo by Swapnil Bapat on Unsplash

Centurion’s net profit after tax soars to $175.9m

The FY23 net profit is 131% higher than the FY22 record.

SGX-listed Centurion saw its net profit after tax (NPAT) soar by 131% YoY to $175.9m in FY23.

The company attributed its improved NPAT to higher revenues, higher net fair value gain on its investment properties, and a higher profit share from associated companies.

Higher finance expenses partly offset the increase in NPAT.

In FY23, the company’s revenue climbed 15% YoY to $207.3m, driven by strong occupancies and improved rental rates across all its purpose-built workers' accommodations (PBWAs) and purpose-built student accommodations (PBSAs).

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!