Singapore's Centurion H1 revenue rises on contributions from Westlite Mandai

Centurion

12/08/2026 13:39

Overview
Singapore worker accommodation provider's half-year revenue rose 31% yr/yr to S$184.9 mln
Gross profit for the half-year increased 34% yr/yr to S$146.0 mln
Profit attributable to equity holders fell 64%, with basic EPS down 64% yr/yr

Outlook
Company did not provide specific guidance or outlook in the press release

Result Drivers
HIGHER REVENUE - Revenue increased 31% mainly driven by contributions from Westlite Mandai
INVESTMENT PROPERTY LOSSES - Net fair value loss on investment properties contributed to lower profit attributable to equity holders
HIGHER EXPENSES - Increased distribution, administrative, and finance expenses weighed on profitability

Company press release: ID:nSN9Zs2cV

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
S$184.94 mln
 
H1 Gross Profit
 
S$146.02 mln
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the real estate rental, development & operations peer group is "buy."
Wall Street's median 12-month price target for Centurion Corporation Ltd is S$1.88, about 10.3% above its August 12 closing price of S$1.70
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago

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Aug 10 - Target Hospitality beats Q2 revenue estimates on WHS segment growth, raises FY outlook
Aug 12 - Singapore's GSH Corp half-year revenue falls 32% on weaker property sales
Aug 12 - Singapore's Prime US REIT H1 income for distribution falls 33%

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)