Centum raises dividend payout despite posting Sh7 billion loss

An aerial view of the Two Rivers Mall which was developed by Centum Investments. [File, Standard]

Centum Investments has reported a Sh7 billion loss in the year to March 2023 even as it proposed to give shareholders a Sh400 million dividend.

The firm, which made a loss of Sh2 billion in the previous year, attributed the poor performance to its real estate subsidiary - Two Rivers Development - which reported a Sh7 billion loss.