Connect with us

General News

Centum first-half profit up Sh2.39 billion :: Kenya

Published

on


Centum Investment CEO James Mworia

Centum Investment Co Plc said on Monday its first-half pretax profit surged 35 percent to Sh2.39 billion, aided by higher investments.

The firm, which invests in listed firms and private companies from beverage manufacturers, a commercial bank, publishing firm to property developers, said its investment income, for the period ended September, jumped to Sh4.09 billion from Sh2.25 billion.

ALSO READ:

Centum’s Mworia to head new Laikipia authority

Centum’s first-half pretax profit came in at Sh2.39 billion, compared with Sh1.77 billion in the same period a year ago.

During the first half, the company completed the sale of GenAfrica Asset Managers, which helped boosted income with a gain of Sh1.2 billion, Centum Investment said.

According to the company, its net asset value per share, a key measure of performance for investment firms, edged higher to Sh73.6 from Sh73.2 last year.

Would you like to get published on Standard Media websites? You can now email us breaking news, story ideas, human interest articles or interesting videos on:





Source link

Comments

comments

Advertisement
Loading...
Loading...

Facebook

Loading...

Trending

Kenyan Digest