Home Business Centum Real Estate net profit drops 72pc to Sh650m

Centum Real Estate net profit drops 72pc to Sh650m

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Business Daily | by Elizabeth Kivuva


Centum Real Estate has posted 71.7 percent drop in net profit for the year ended March 31, 2021 owing to reduced demand of the residential units on the fallout of the coronavirus pandemic.

The property developer, a subsidiary of listed Centum Investment Company, reported Sh650.4 million net profit from Sh2.29 billion in a similar period last year…

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