Centum group profit weighed down by lower asset disposal

Centum Investment directors Chris Kirubi, Kennedy Wanderi and Jim Macfie follow proceedings during the release of the company’s financial results at a Nairobi hotel yesterday. [Moses Omusula, Standard]

Centum Investment Group has recorded a 16 per cent drop in net profit to Sh8.31 billion for the year ended March 31, 2017 on account of reduced one-off gains.

Group Managing Director James Mworia told investors that the performance, a drop of Sh1.64 billion from Sh9.9 billion posted last year, was a result of lower gains on disposal of assets.