I made quite a few new investments in the last six months to a year but, of these, the largest investment was in Centurion Corporation.
I was attracted not just by their ability and willingness to pay meaningful dividends but also their clear and viable strategy for growth.
With insiders eating their own pudding too, it was a vote of confidence which regular readers know I have always liked.
2Q 2017 was another stellar quarter.
72% rise in earnings is definitely nothing to scoff at.
However, what I am more impressed with is that the gross profit margin improved some 7% to 73% while gross profit improved 36%.
Much has been said about the increasingly difficult business environment with many more competitors sharing the Singapore foreign workers accommodation pie.
The stellar results tell me that Centurion’s management are not only competent, they are also fast to move into a new growth …