Centum Group’s half-year profit up 228 per cent to Sh6.8 billion

Centum Investment Company CEO James Mworia announcing results at a briefing at the Nairobi Securities Exchange on November 28, 2019. PHOTO | DIANA NGILA | NATION MEDIA GROUP

What you need to know:

  • Centum Investment Group half year profit to September more than quadrupled to Sh6.79 billion lifted by strong investment income mainly as result of net gains on disposal of three investments.
  • Group chief executive said private equity business booked net gains of Sh12 billion from the disposal of Almasi Beverages Limited, Nairobi Bottlers Limited and King Beverages Limited.
  • Centum Investment, however, returned a Sh1.6 billion loss compared to the preceding similar period’s profit of Sh929 million.

Centum Investment Group’s half-year profit to September more than quadrupled to Sh6.79 billion, lifted by strong investment income mainly as a result of net gains on disposal of three companies.

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