Centum issues profit warning on lower asset valuations

Centum CEO James Mworia. FILE PHOTO | NMG

Investment firm Centum #ticker:ICDC has issued a profit warning for the full financial year ended March 31, 2018 citing lower asset valuations, political uncertainty, reduced access to credit and un-concluded transactions.

The Nairobi Securities Exchange (NSE) listed firm now expects to post net earnings at least 25 per cent lower than what it reported last year, which ended March 31, 2017.

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