Centurion's group revenue climbs 5% YoY to $47.1m in Q1

By geographical area, the company recorded its highest revenue in Singapore.

Centurion Corporation Limited (Centurion) recorded a 5% year-over-year (YoY) rise in its revenue in Q123 to reach $47.1m.

In a bourse filing, the company attributed the improvement in its revenue to the "increases in occupancies of its Singapore and Malaysia Purpose-Built Workers Accommodation (PBWAs) and Australia Purpose-Built Student Accommodation (PBSAs), as well as positive rental revisions across its Singapore, Malaysia, UK and Australia properties."

The company's PBWA and PBSA segments recorded a revenue of $35.2m (+5% YoY) and $11.7m (+7% YoY), respectively.

By geographical area, the company recorded its highest revenue in Singapore. The company posted a $30.47m revenue in the Lion City, albeit 1% lower than the Q122 record of $30.6m.