Centuria on the rise

Property and funds group Centuria has flagged a net profit of $6.9 million for the 12 months to June, up from $1.97 million a year earlier, with underlying net profit to come in at $5.5 million, up from $4.9 million, as the value of property under management tops $1 billion for the first time. The group recently completed a $91 million raising for the 10 Spring Street, Sydney (pictured), property acquisition.

Property and funds group Centuria has flagged a net profit of $6.9 million for the 12 months to June, up from $1.97 million a year earlier, with underlying net profit to come in at $5.5 million, up from $4.9 million, as the value of property under management tops $1 billion for the first time. The group recently completed a $91 million raising for the 10 Spring Street, Sydney (pictured), property acquisition.

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