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 […]
James Mworia, Group CEO of the Investment firm company /FILE Nairobi, Kenya, Nov 26 – Centum Real Estate Limited has earned Sh1.1 billion revenue from the sale of houses in the six months ended September 2021. The strong sales helped Centum Real Estate to record an Sh144 million gross profit from residential units in the […]
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 […]
Isuzu East Africa Vehicle Assembly plant staff at work along Mombasa Road in 2018. The firm’s buses conform to the new body building standards, KS 372-2014. FILE PHOTO | COURTESY Centum Group posted a net loss of $12.14 million during the financial year ended March 31, 2021 compared with a net profit of $41.25 million […]
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 […]
Isuzu East Africa Vehicle Assembly plant staff at work along Mombasa Road in 2018. The firm’s buses conform to the new body building standards, KS 372-2014. FILE PHOTO | COURTESY Centum Group posted a net loss of $12.14 million during the financial year ended March 31, 2021 compared with a net profit of $41.25 million […]
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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