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Kenya’s Centum Investment pretax profit up, helped by investment income

Kenyan President Uhuru Kenyatta . / AFP PHOTO / STEFFI LOOS

Kenyan President Uhuru Kenyatta . / AFP PHOTO / STEFFI LOOS
Kenyan President Uhuru Kenyatta . / AFP PHOTO / STEFFI LOOS

Kenya’s Centum Investment said on Wednesday its pretax profit rose 23 percent to 10.9 billion shillings ($107.9 million) in the year to the end of March 2016, helped by rising investment income.

The company, which invests in listed and private firms and real estate, said in a statement its investment income more than doubled to 24.17 billion shillings from 11.83 billion shillings in the same period in 2015.
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Centum’s earnings per share rose to 11.75 shillings from 10.45 shillings and it said it will pay a dividend per share of 1.00 shilling for the same period. It did not pay a dividend for the full year to end March 2015.

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