Centum CEO James Mworia PHOTO | COURTESY The loss position is largely attributable to a substantive hit on two of the Group’s private equity investments including publisher Longhorn and airline catering company Nas Servair. Income from financial services was flat at Ksh.1.9 billion while investment income slid to Ksh.433.5 million from Ksh.12.4 billion. The dip […]
Centum Investment Group #ticker:CTUM has posted Sh1.98 billion half-year net loss, hurt by a drop in both sales and investment income. The performance was a stark contrast from Sh6.79 billion net profit in a similar period last year. The huge decline was majorly contributed by the absence of any one-off benefits as was the case […]
Centum Investment Group Chief Executive James Mworia (left) with Group Finance Director Wambua Kimeu during the company’s half-year results announcement and investor briefing at Two Rivers Mall yesterday. [Courtesy] For decades now, Centum Investment has closed some of the hottest business deals across East Africa, creating billions of shillings for shareholders. This year, the deals […]
The banks led the top movers’ table at the Nairobi Securities Exchange (NSE) Tuesday. The top mover was Equity Group with 4.74 million shares and a market capitalization of 134.53 billion shillings. The second top mover at the bourse on Tuesday was Absa Kenya having sold 4.09 million shares with a market capitalization of 51.06 […]
KCB Group kicked off the week as the top mover of the day after selling 4.41 million shares with a market capitalization of 118.25 billion shillings followed by Safaricom with 2.24 million shares with a market capitalization of 1.28 trillion shillings. East African Breweries and Equity Group sold 827,100 and 669,500 with a market capitalization […]
NAIROBI, Kenya, Nov 27 – Centum Investment PLC announced a decline in Group Profit After Tax and recorded a loss of Sh1.9 Billion for the six months to September 2020 down from a consolidated profit of Sh6.9 Billion in the prior period. The decline in performance was largely on account of a significant drop in […]
KCB Group kicked off the week as the top mover of the day after selling 4.41 million shares with a market capitalization of 118.25 billion shillings followed by Safaricom with 2.24 million shares with a market capitalization of 1.28 trillion shillings. East African Breweries and Equity Group sold 827,100 and 669,500 with a market capitalization […]
Centum Real Estate, a subsidiary of the NSE-listed Centum Investment Company, has opened a KES4bn project bond issue to finance its ongoing housing projects. “The bond offers an opportunity for investors to get a piece of Kenya’s real estate pie without taking the risk of getting involved in actual development of the projects,” said the […]
Centum Real Estate, a subsidiary of the NSE-listed Centum Investment Company, has opened a KES4bn project bond issue to finance its ongoing housing projects. “The bond offers an opportunity for investors to get a piece of Kenya’s real estate pie without taking the risk of getting involved in actual development of the projects,” said the […]
Proceeds from the bond will be allocated exclusively to the subsidiary’s ongoing affordable, middle-income and high-end housing projects in Kenya. Centum Real Estate has recently completed and handed over two projects to homeowners in Vipingo and Entebbe, Uganda and is currently constructing 1,454 housing units. The projects under construction have achieved an aggregate pre-sale level […]
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