Centum holds shares in Two Rivers Development Company Ltd. FILE PHOTO | COURTESY Centum Investment Group reduced its loss for the six months to September from $17.67 million to $5.91 million. The firm, which is listed on the Nairobi Securities Exchange (NSE), reduced its finance costs by 28 percent from $4.05 million to $2.91 million, […]
Women work at the front desk of the Centum Investment Company Limited in Nairobi, Kenya, file. REUTERS/Siegfried Modola NAIROBI, Nov 30 (Reuters) – Kenya’s Centum Investment Co PLC (CTUM.NR) said on Tuesday it booked a pretax loss of 696.6 million shillings ($6.19 million) for its first half through September, compared with a 2.05 billion shilling […]
James Mworia, Group CEO of the Investment firm company /FILE Nairobi, Kenya, Nov 30 – Centum Investment Company has reported KES425 million half-year operating profit, helped by a strong performance by its investee businesses. The increase in operating profit from KES95 million reported in the first six months of last year was mainly driven by […]
Centum chief executive James Mworia. FILE PHOTO | NMG The review period saw Centum Group sales jump from Ksh136.2 million ($1.2 million) to Ksh1.23 billion ($10.9 million), while investment and other income jumped from Ksh329 million ($2.9 million) to Ksh771 million ($6.8 million). Group CEO James Mworia said the company was witnessing recovery across various […]
Centum Investment Group #ticker:CTUM said on Tuesday higher investment income helped the company narrow its half-year net loss by 66 percent to Sh662.1 million. The Nairobi Securities Exchange-listed firm had posted a net loss of Sh1.98 billion in the same period last year. The review period saw Centum Group sales jump from Sh136.2 million to […]
Centum Investment Company #ticker:CTUM has announced a dividend policy that will see shareholders receive 30 percent of investment income annually, as the firm moves to make itself more attractive to investors. The company has said it targets to strengthen its balance sheet by reducing finance costs and operating expenses to below 50 percent of investment […]
The Capital Markets Authority (CMA) has barred listed firms with negative equity from rolling out share buybacks, locking out cash-strapped companies from the process largely applied to correct perceived undervaluation of stock. The regulator has ruled that directors of the companies which intend to repurchase stock from the market should ensure “assets … are equal […]
The Capital Markets Authority (CMA) has barred listed firms with negative equity from rolling out share buybacks, locking out cash-strapped companies from the process largely applied to correct perceived undervaluation of stock. The regulator has ruled that directors of the companies which intend to repurchase stock from the market should ensure “assets … are equal […]
FILE PHOTO: The Two Rivers Shopping mall whose majority shareholding belongs to Centum Investment Company Nairobi, Kenya September 9, 2019. REUTERS/Njeri Mwangi NAIROBI (Reuters) – A unit of Centum Investment Company, Kenya’s largest listed investment firm, plans to spend 5 billion shillings ($45.02 million) to acquire stakes in domestic companies as well as those in […]
FILE PHOTO: The Two Rivers Shopping mall whose majority shareholding belongs to Centum Investment Company Nairobi, Kenya September 9, 2019. REUTERS/Njeri Mwangi NAIROBI (Reuters) – A unit of Centum Investment Company, Kenya’s largest listed investment firm, plans to spend 5 billion shillings ($45.02 million) to acquire stakes in domestic companies as well as those in […]
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