A commentary on Centum Investment’s financial results for the year ended March 31, 2019 Key performance highlights Group performance: Total Assets in the 12-month period have increased by eight…
A commentary on Centum Investment’s financial results for the year ended March 31, 2019
Key performance highlights
Group performance: Total Assets in the 12-month period have increased by eight per cent to Sh71.6 billion.
Net Asset Value per share grew by eight per cent to Sh79 on the back of fair gains from both our private equity and real estate businesses.
Consolidated Profit after Tax grew by 48 per cent to Sh4.1 billion during the period.
Real Estate Portfolio had a fair value gain of Sh7.5 billion through significant activation and sales on our current sites.
Exit realization of Sh1.2 billion in the Private Equity Portfolio from the sale of GenAfrica with a holding period IRR of 29 per cent.
Company performance: Flat performance in Company Total Return with a one per cent increase to Sh4.7 billion.
Shareholder funds increased by eight per cent to Sh52.6 billion.
Growth in Total Assets by eight per cent to Sh71.6 billion. James Mworia, Group CEO Centum Investment Co. Plc commented Centum 3.0 Review In the strategic period ended March 31, 2019, dubbed ‘Centum 3.0’, we set out a plan that anchored Centum as a master developer of investment-grade opportunities of scale.This was within a backdrop of economic headwinds who’s impact cut across all sectors and industries. I am pleased to report that during this strategic period Centum grew its assets from Sh28.8 billion to Sh71.6 billion; a compounded growth rate of 20 per cent.Our NAV per share also recorded a remarkable growth of 18 per cent in the period closing at Sh79 from Sh34.5 at the start of the strategic period.This strong asset growth was funded by internally generated funds and debt without any equity raise from our shareholders.We realised Sh36.3 billion in exit proceeds from our investment portfolio and gains of Sh24.3 billion over the strategic period. In addition, we raised Sh10.2 billion through two corporate bonds and a Sh7.5 billion bank term loan.Of the bond raises, the first bond of Sh4.2 billion was redeemed in September 2017 using internally generated funds.One of our key developments in Centum 3.0 was the consolidation of 3 bottlers to form Almasi Beverages Limited and the acquisition of a majority stake in 2015.During […]
