Centurion shares end 5.9% lower on two-third tumble in H1 profit
It also records a S$4.2 million share of losses from associated companies in H1 2026
Centurion Corp's shares experienced a significant decline of 5.9% on Thursday morning following the release of its first-half 2026 financial results. The company reported a sharp 64% drop in net profit, plummeting to S$26.5 million, down from S$73.9 million in the same period last year. Trading opened at S$1.53 per share, a drop of 10% or S$0.17.
By mid-morning, the share price fell to S$1.56, before settling at S$1.60, marking a 5.9% decrease or S$0.10 for the day. The primary factors behind the profit decline were heightened net fair value losses on investment properties and a share of losses from associated companies. Revenue for the half year increased by 31% to S$184.9 million, compared to S$140.7 million in the previous year.
However, the net fair value loss on investment properties surged to S$32.8 million in H1, up from S$3.5 million in the same period last year, including a S$19.1 million stamp duty payment for Centurion Accommodation Real Estate Investment Trust's acquisition of Macquarie Park. Despite the profit slump, the company declared an interim dividend of S$0.02 per share, maintaining the same amount as the previous year.
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