Centum posts Sh1.3 billion profit

Kenya: Centum Investment Group posted a 24 per cent growth in pre-tax profit for the six months period ended September 30. The company's profit before tax rose to Sh1.28 billion from Sh1.03 billion in a similar period last year, driven by growth in investment income.

"With improving economic fundamentals and our active portfolio management, we are confident of better prospects for generating market-beating returns during the second half of the year," Managing Director James Mworia told an investor briefing in Nairobi yesterday.