Centum issues profit warning after record half-year loss



Kenyan Wall Street | by Miriam Wangui


Centum Investments, one of the largest investment companies in East Africa, has warned investors that its full-year net profit for the year that ends on 31st March 2021 is expected to be at least 25% lower than the net profit recorded a year ago.

The company which invests in real estate, private equity, and marketable securities partly blames the impact of the covid19 pandemic on its private equity investments for the weak financial performance…

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