Centum, an investment holding firm listed in Nairobi and Uganda bourses, this week revealed it had posted robust annual profits, thanks to an improved profit contribution from its associate firms.

The firm, which provides investors with access to portfolio of inaccessible and quality diversified investments, posted a 22 percent surge in profit after tax to Ksh 3 billion ($34.2 million) from Ksh 2.5 billion ($28.5 million).

Profits from these associate firms surged 49 percent during the period under review on the back of fair value increase in Centum’s investment property and improved income from its fund management businesses.

Elsewhere on Ventures

Daily Brief Triangle arrow
Triangle arrow