Centum Investment Company (ICDC) reported its profit for half-year period to September, or 1H17, surged 7.9% to Ks2 billion, with revenue climbing Ks106 million to Ks8.5 billion.
Contribution from publicly traded publisher Longhorn Kenya (LKL) and lower borrowing costs supported the profit gains in the latest period. Centum said its cost of financing declined to Ks945.6 million, a drop of Ks315 million from a similar period last year.
Centum said its total assets increased 10% to Ks86 billion in 1H17. Among the company’s largest investments in the latest half-year period was Ks3 billion funneled to real-estate projects. Centum finished the half-year period with net cash balance of Ks4.9 billion, a decrease of Ks1.7 billion due to increased capital spending in the period.
Largest investor in Longhorn
Centum is the largest shareholder in Longhorn Publishers, owning more than 60% of the equity stake in the publisher. The investment firm took advantage of a rights issue by the Longhorn to double its stake in the company.
Other businesses controlled by Centum include privately held small lender Sidian Bank. Centum owns 74% of Sidian Bank, a partner of taxi services company Uber.
Shares of Centum are up 5.1% over the last one month, but down 11.3% YTD and down 7.3% over the last one year. Centum is a component of Kenya NSE 20 Index. The market capitalization-weighted index tracks the performance of 20 largest and stocks on the Nairobi Securities Exchange (NSE). The index is down 0.20% over the last one month.
Centum is the largest shareholder in Longhorn Publishers, owning more than 60% of the equity stake in the publisher. The investment firm took advantage of a rights issue by the Longhorn to double its stake in the company.
Other businesses controlled by Centum include privately held small lender Sidian Bank. Centum owns 74% of Sidian Bank, a partner of taxi services company Uber.
Shares of Centum are up 5.1% over the last one month, but down 11.3% YTD and down 7.3% over the last one year. Centum is a component of Kenya NSE 20 Index. The market capitalization-weighted index tracks the performance of 20 largest and stocks on the Nairobi Securities Exchange (NSE). The index is down 0.20% over the last one month.
Centum’s industry listed industry peers include Olympia Capital Holdings (OCH) and Trans-Century (TCL).
Largest Centum shareholders
Centum’s CEO James Mworia owns 5.3 million shares in the investment company, making him Centum’s fifth largest shareholder. Other large individual shareholders in Centum include billionaire investors John Kibunga Kimani and Chris Kirubi, the owner of Nairobi-based radio station Capital FM. The government of Kenya owns a large stake of about 20% in Centum through a state agency called Industrial and Commercial Development Corporation (ICDC).
Centum’s CEO James Mworia owns 5.3 million shares in the investment company, making him Centum’s fifth largest shareholder. Other large individual shareholders in Centum include billionaire investors John Kibunga Kimani and Chris Kirubi, the owner of Nairobi-based radio station Capital FM. The government of Kenya owns a large stake of about 20% in Centum through a state agency called Industrial and Commercial Development Corporation (ICDC).
0 comments:
Post a Comment