Centurion Corporation (OU8.SI) saw its stock price plummet by 6% in intraday trading on Friday, despite reporting positive half-year results and declaring an interim dividend. The sharp decline suggests that the company's financial performance may have fallen short of market expectations.

According to the company's latest financial report released on Thursday, Centurion posted a revenue of SGD 140.722 million for the first half of the year. The company also reported a gross profit of SGD 108.6 million, with a impressive gross margin of 77.2%. Furthermore, the profit attributable to shareholders reached S$73.9 million for the period.

In an effort to reward shareholders, Centurion declared an interim dividend of 2.0 Singapore cents per share. However, this announcement seems to have done little to prevent the stock's decline. The market's negative reaction could indicate that investors were anticipating even stronger results or had concerns about the company's future outlook, despite the solid performance in the first half of the year.