Centum Investment Company narrowed its net loss by two per cent to Sh1.33 billion in the year ended March 2022 as weaker performance in its Two Rivers real estate asset offset improved profitability in other divisions.
The Nairobi Securities Exchange-listed firm had posted a net loss of Sh1.36 billion the year before. Centum has raised its dividend payout in a move that will boost returns for shareholders who are sitting on major paper losses after the company’s stock declined over the past three years to trade at Sh9.9 on Monday.
