Centum Investment Company Limited recently announced its unaudited financial results for the six-month period ended 30 September 2016.
The Company recorded 5% growth in the book value of shareholder funds which closed at KES 40.7 billion, representing a 24% outperformance of the NSE 20 Share Index which recorded a 19% decline during the six-month period ended 30 September 2016. The Net Asset Value per share increased from KES 13.8 in 2010 to KES 61.12 as at 30 September 2016, representing an increase of 343% and a compounded annual growth rate of 22% over the last seven years.
“The growth in the Net Asset Value per share is reflective of the company’s sustained focus on the preservation and growth of shareholder wealth through different market cycles”, said the Group Chief Executive Officer and Managing Director, James Mworia.
On the investment portfolio front, the Company deployed KES 5 billion in debt and equity capital expenditure during the 6-month period within its portfolio companies. The Company’s total assets grew by 10% during the period, to close at KES 56.7 billion.
The Group’s consolidated profit before tax grew by 23% from KES 2.2 Billion as at 30 September 2015 to KES 2.7 Billion as at 30 September 2016. The key profitability drivers during the period were:
• Improved profitability in the Group’s portfolio companies;
• Consolidation of Longhorn Publishers Limited’s financial results for the first time, following acquisition of control in May 2016; and
• Lower finance costs as a result of reduced forex losses on US dollar denominated borrowings and capitalisation of interest during construction of the Group’s real estate projects.
Centum is East Africa’s leading investment company whose vision is “To be Africa’s foremost investment channel”. Its mission is to create real, tangible wealth by providing the channel through which investors access and build extraordinary enterprises in Africa.
Centum is in the third year of its 3.0 Strategy that seeks to develop investment grade opportunities across key sectors of the economy, including: real estate, financial services, fast moving consumer goods (FMCG), energy, agribusiness, healthcare, education and ICT. Centum is currently active in five of these sectors namely real estate, financial services, fast moving consumer goods (FMCG), energy and agribusiness sectors. Project development activities are underway in the education and healthcare sectors.
For more information, please visit: www.centum.co.ke.