Centum RE posts Sh174m profit on valuation gain

DNHINGACENTUM2709d

Ground breaking ceremony of Centum Re’s Elmer housing Project in Kasarani, Nairobi. FILE PHOTO | EVANS HABIL | NMG

Centum Real Estate has posted a net profit of Sh174 million in the year ended March, reversing a restated net loss of Sh486.9 million recorded the year before.

The return to profitability was largely helped by a large unrealised gain on its investment properties.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.