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Centum profit drop by 21 per cent driven by political worries and rate cap law

Centum Investment CEO Mr James Mworia

Centum Investment Limited has recorded a 21 per cent drop in half year net profit posting Sh1.6 billion in September 2017 compared to Sh2.1 billion in September 2016.

The Nairobi Securities Exchange (NSE) listed firm has blamed the decline on poor performance of its subsidiary, Sidian Bank, which recorded a massive drop of 37 per cent in its interest income.

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