The East African investments firm Net Asset Value (NAV) also rose by 7 per cent to 17.3 billion Kshs while shareholder wealth has rapidly grown by 194 per cent to 11.4 billion Kshs from 2009 to 2014.
“We continue to deliver market beating returns and have on average outperformed the NSE (Nairobi Stock Exchange) by 12 per cent over the past 4.5 years,” said the Centum Investments Group in a statement released on Wednesday.
The company’s profit before tax also grew from 836 million Kshs in 2012 to 1 billion Kshs while investment income rose from 749 million Kshs to 1.1 billion Kshs for the same financial period.
The company believes that their performance is attributed to a number of projects that they have made significant progress on during the financial year.
For instance, their two rivers project will see the construction of the 775,000 square metres Two Rivers Retail and Lifestyle Centre reach completion by the fourth quarter of 2014. The centre will be the largest retail and commercial complex in Sub-Saharan Africa, outside of South Africa.
“The Two Rivers Retail and Lifestyle Centre is over 30 per cent let and there is significant interest from some of the top retail brands in the world,” continued the statement.
Also, their Pearl Marina Project has been approved by local authorities and is in the final stages of securing all statutory approvals, with construction to commence early next year.
The group’s strategy period from 2009-2014 has nearly reached completion and they are confident that they are heading for a strong finish. They stated that their focus will be on maximising value of their portfolio through the execution of various value creation plans.
The company also intends on developing an agribusiness line with the vision to be the leading integrated supply chain manager in agricultural products with operations starting in Kenya before branching out to the rest of Africa.
“Centum today has a high quality portfolio of investments and opportunities, a world class team of professionals to ensure the execution of business objectives, an entrepreneurial culture, a strong cash generative business coupled with a healthy balance sheet and an effective board of directors,” concluded the statement.
“We believe that these factors have positioned Centum to achieve better results in the future and play an even greater transformational role in the development of the economies of Sub-Saharan Africa.”