Centurion Corporation Limited provided consolidated earnings guidance for the full year ended December 31, 2021. The board of directors of the company informed the shareholders and potential investors of the Company that, based on preliminary assessment of the Group's unaudited consolidated management accounts for the full year ended 31 December 2021 and the information currently available, the Group is expected to record a substantial
increase in the net profit attributable to equity holders of the Company for FY2021 by not less than 200% as compared to a net profit attributable to equity holders of the Company of approximately SGD 17.2 million for the corresponding period in 2020. Such increase is primarily attributable to the improvement in the Group's operating performance driven by the expansion of the Group's portfolio of purpose-built workers accommodation in Singapore and Malaysia since the fourth quarter of 2020; and the steady recovery of occupancy of the Group's purpose-built student accommodation assets in the United Kingdom reaching 82% for the second half of fiscal year 2021; as well as due to a fair valuation loss of approximately SGD 3.1 million in fiscal 2021 as compared to a fair valuation loss of approximately SGD 27.6 million in fiscal year 2020 in relation to the Group's investment properties.