Kenyan investment firm Centum's pretax profit inched down to 828 million shillings ($8.57 million) in its first half from 836 million shillings in the year-ago period, its chief executive said on Wednesday, attributing the performance to a weakening of stocks at the bourse this year.
James Mworia said the company cut its exposure to the Kenyan stock market to 9 percent of its total portfolio from 26 percent during the period, adding that high yields in the fixed-income market had cushioned the earnings.
Kenyan shares have suffered from a steep fall in the shilling currency this year as well as high inflation, weakening the bourse's performance by 16 percent during the period, Mworia told investors.
Centum, formerly known as ICDC, plans to shift its portfolio through entry into the lucrative property sector in east Africa. ($1 = 96.650 Kenyan shillings) (Reporting by Beatrice Gachenge; Writing by Duncan Miriri)

V decent performance in the current climate

The news is factored into the price, don't expect much movement

Pathetic results.Centum over the past two years has been making profits by selling its quoted shares in the NSE.Now that they are nearly selling all of them going forward where will the profits come from

where did the character disapear to.