• About
  • Advertise
  • Privacy & Policy
  • Contact
Kenyan Business Feed
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business
No Result
View All Result
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business
No Result
View All Result
Kenyan Business Feed
No Result
View All Result
Home News

Centum Investment Reports Sh431 Million Half-Year Profit, Signaling Robust Recovery

Kenyan Business Feed by Kenyan Business Feed
centum
Share on FacebookShare on Twitter

Centum Investment Company has posted an impressive net profit of Sh431 million for the six months ending September 2024, marking a significant turnaround fueled by strong investment income and disciplined cost management strategies.

The company also reported Sh2.2 billion in net operating cash flows during the period, generated from annuity income, exit proceeds, and shareholder loan repayments. These inflows have been strategically deployed towards debt reduction, portfolio reinvestment, and supporting the company’s ongoing share buyback program.

Dr. James Mworia, CEO of Centum Group, emphasized the firm’s commitment to debt reduction and its focus on value-creation initiatives. “We anticipate these initiatives will drive incremental revenue and portfolio growth in the latter half of the financial year,” said Dr. Mworia.

Table of Contents

Toggle
  • Cost Management and Debt Reduction Drive Performance
  • Strong Financial Position

Cost Management and Debt Reduction Drive Performance

Centum’s rigorous cost containment measures yielded tangible results, with operating and administration expenses dropping by 13% compared to the previous year. Finance costs also declined by the same margin, reflecting the company’s continued progress in debt repayment.

The group’s consolidated performance showed a notable improvement in its after-tax loss, narrowing to Sh347 million from Sh426 million in the first half of 2023. This positive trajectory was largely driven by gains in the trading business, spearheaded by Two Rivers Development Limited, and the investment operations segments.

Strong Financial Position

Centum’s total assets increased by Sh4 billion to Sh80.7 billion, reflecting its capacity to leverage future investment opportunities. Retained earnings held steady at Sh38.3 billion, underscoring the company’s financial resilience.

Dr. Mworia reiterated Centum’s strategy of monetizing assets within its portfolio to unlock liquidity. “The proceeds from these transactions will be redeployed into marketable securities and other high-yielding opportunities to bolster annuity income,” he noted.

This half-year performance highlights Centum’s robust recovery and positions the company for sustained growth as it continues to focus on strategic investments, operational efficiency, and shareholder value enhancement.


Kenyan Business Feed is the top Kenyan Business Blog. We share news from Kenya and across the region. To contact us with any alert, please email us to [email protected]
Tags: CentumCentum CEO James Mworia
Kenyan Business Feed

Kenyan Business Feed

Recommended.

Why Majority of NHIF members without Huduma Namba card risk freeze

Why Majority of NHIF members without Huduma Namba card risk freeze

May 4, 2022
From cotton to cash: The life cycle of a Kenyan banknote

From cotton to cash: The life cycle of a Kenyan banknote

September 3, 2019

Subscribe.

Trending.

Safaricom warns customers against fake M-Pesa investment schemes circulating online, urging Kenyans to verify all offers through official channels.

Safaricom Warns Customers Against Fake M-Pesa Investment Schemes Circulating on Social Media

September 21, 2025
Tourism CS Rebecca Miano joins Samburu leaders at the Maralal Camel Derby, which draws 30,000 visitors and boosts cultural tourism in northern Kenya.

Maralal Camel Derby Draws 30,000 Visitors as Festival Anchors Samburu on Global Tourism Map

September 28, 2025
Co-operative Bank of Kenya recognized at Global SME Finance Forum 2025 for innovative business banking solutions supporting SMEs across Africa.

Co-op Bank Honored at Global SME Finance Forum 2025 for Advancing SME Finance and Innovation

September 22, 2025
Safaricom Chapa Dimba All-Stars closed their Spain tour with a 4-2 win over SD Huesca, showcasing Kenyan youth football talent on an international stage.

Safaricom Chapa Dimba All-Stars Seal Spain Tour With 4-2 Victory Over SD Huesca

September 21, 2025
Nairobi hosts the first PUBG Mobile Africa Cup Finals, with Safaricom Hook providing 5G power, fan zones, and interactive gaming experiences.

East Africa Crowns First PUBG Mobile Africa Cup Champion as Safaricom Hook Powers Historic Finals

September 21, 2025
Kenyan Business Feed

We focus on news, analysis, and reports about Kenyan business, covering sectors like agriculture, finance, tourism, and technology.

Categories

  • African
  • Agribusiness
  • Courts
  • Education
  • Health
  • Hospitality
  • Manufacturing
  • NetWorths
  • News
  • Reports & Analysis
  • World Business

Popular News

  • First look at the prison where El Chapo may live for the rest of his life

    First look at the prison where El Chapo may live for the rest of his life

    2157 shares
    Share 1040 Tweet 466
  • Sameer Africa CEO Sacked

    1804 shares
    Share 750 Tweet 439

Recent News

Tourism CS Rebecca Miano joins Samburu leaders at the Maralal Camel Derby, which draws 30,000 visitors and boosts cultural tourism in northern Kenya.

Maralal Camel Derby Draws 30,000 Visitors as Festival Anchors Samburu on Global Tourism Map

September 28, 2025
Kenyans to enjoy free entry to all national parks on World Tourism Day as government promotes conservation and domestic tourism.

Free Entry to National Parks Announced for World Tourism Day as Sector Pushes Sustainability Agenda

September 28, 2025
  • Home
  • African
  • News
  • Education
  • Health
  • Reports & Analysis
  • World Business

© 2025 KBF

No Result
View All Result
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business

© 2025 KBF