Kenya based Centum Investment has reported a 23% increase in FY 2016 Pre-Tax Profits to Ksh 10.9 Billion compared to the previous period’s Ksh 8.8 Billion.
The Board of Directors recommended payment of a juicy dividend of KES 1.00 per share, marking the first time the company is paying dividends since 2009.
Major Highlights
Investment and other income increased by 104% to Ksh 24.8 Billion compared to the previous period’s 11.83 Billion.
Profit After Tax was Ksh 9.95 Billion Compared to Ksh 7.9 Billion reported the previous period.
Earnings Per Share was up by 12.4% to Ksh 11.75 against the previous period’s Ksh 10.45.
Centum’s Net Asset Value increased by 23% to Ksh 39.3 Billion compared to a 24% decline in the NSE 20 Share index in the period ended March 31st 2016.
Operating and administration costs increased 4.5times to Ksh 11.3billion in line with growth in income levels. Finance costs were up 208% to Ksh 3.1 Billion characterized by high interest rate environment in the period.
In the Company’s Books, total assets grew by 25% to Ksh 51.5 Billion compared to Ksh 41 Billion reported the previous. The company’s Total assets grew to Ksh 78 Billion vs the previous period’s Ksh 72 Billion driven by increased capital deployment and value uplifts in the investment property portofolio.
Fun Facts
The shares of Centum Investments Company Limited have been publicly traded on the NSE since 1967 and on the USE (Uganda Securities Exchange) since 10 February 2011.
For the last two years, Centum has attracted a total of Ksh 13.4 Billion equity funding from third parties into its projects.
Over the same period, the company has also attracted a total of Ksh 6.2 Billion in proceeds from exits of its investment portofolio.