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0.50Segment: Main Investment Market
Sector: Finance And Investment
Brief Company Profile
International Life House Mama Ngina Street Nairobi P.O Box 10518 Nairobi, Kenya +254-20-316303 (Phone)
+254-20-223223 (Fax)
Company website:
http://www.centum.co.ke
News Releases | Financial Information | Corporate History/Profile | Executives | Employment Opportunities
Updated: Tue, June 17, 2008
Business Performance
ICDCI is an investment company, whose chief activity is the acquisition of quoted and unquoted companies for both dividend income and capital gains. In 2006, investment in associates comprised 30% of total investment assets while unquoted investments and quoted investments constituted 25% and 39.7% respectively. Investment in property and government securities took up the smallest portion of the investment portfolio constituting about 5% of the total. Uchumi Supermarkets Ltd seized to be an associate company after ICDCI opted out of Uchumi rights issue. Consequently, its investment portfolio has become less sensitive to price fluctuations in Uchumi stock. The bulk of the firm's investment income arose from quoted investments in form of both dividend and capital gains. ICDCI is looking to continue to further diversify its investments and in this regard it has raised the unquoted stake in the services sector from 17%, the previous year, to 20% in 2006 while in the quoted portfolio greater emphasis was given to the financial services sector, which constituted 66% of the total up from 50% in 2005. In its bid to shore up its investment kitty the firm has opted to retain 54% of its earnings signaling that the firm is still on an expansionary mode.
In the 2005/06 financial year, the firm witnessed a rise in investment income mainly as a result of the vibrant stock market. Consequently, investment income improved by 68% to KES 403.70 Million. Overall profits also rose occasioned by improved performance from insurance and beverage associate companies. Earnings doubled to KES 11.03 .
Future Prospects
The firm should continue to register steady growth given the generally optimistic outlook for the motor, beverage and insurance industry albeit in the midst of a near-term stock market correction.
Updated: Thu, October 26, 2006
• Centum Records 20 Percent Increase in Pre-Tax Profit (04 Mar 2008)
Centum Investment Company, formerly known as ICDCI, has reported a 20 per cent increase in its half year pre-tax profits as the management embarks on a diversification strategy.
• ICDCI is Now Centum Investment (22 Feb 2008)
ICDC Investment has officially changed its name to Centum Investment. The change of name was approved on Thursday, during the company's annual general meeting at the Nairobi Safari Park hotel.
• ICDC Investments to Change Its Name to Centum Today (20 Feb 2008)
A search for brand recognition will today see Kenya's pioneer equity investment firm ICDC Investments change its name to Centum Investment Company.
• ICDCI Pre-Tax Profits Rise 70pc (27 Sep 2007)
ICDC Investment Company Limited has announced that its profits rose 70 per cent during the financial year ended June 30.
• ICDC Profit Grows By 70 Per Cent (27 Sep 2007)
ICDC Investments has announced a 70 per cent pre-tax profit growth, driven by a stellar performance in its investment income.
• ICDCI Targets Sh350 Million Power Acquisition Deal (26 Sep 2007)
ICDC Investment Company has set its sights on a strategic stake in a power generating firm as it seeks to build an investment portfolio in the lucrative energy sector.
• ICDCI Bets On New Investments to Up Profits (03 Aug 2007)
ICDCI managing director Peter Mwangi has an uphill task leading one of Kenya's oldest investment companies into a new era of growth and profitability in a fast changing economic environment.
• NSE in Major Shake Up of 20-Share Index Companies (20 Jul 2007)
The Nairobi Stock Exchange (NSE) has dropped six companies from its 20 share index constituent stocks and included new ones to reflect changes in market fundamentals since May 2003 when the index was last reviewed. NIC Bank, BOC Gases, Unilever,...
• ICDCI Earns 56 Percent More in Half-Year (22 Feb 2007)
ICDC Investment's half-year after tax profits increased by 56 per cent to Sh495 million compared with Sh 294 million realised in the same period last year.
• Barclays, ICDCI Profits On the Rise (21 Feb 2007)
Barclays Bank has returned Sh6.4 billion pre-tax profit for the just ended financial year.
• Regulator Approves ICDCI Share Split (05 Jan 2007)
The Capital Markets Authority has approved ICDC Investment Company's plan to give shareholders ten shares for every one held.
• Trans Century Group Gets New CEO (17 Nov 2006)
The Trans Century Investment Group has appointed the immediate former managing director of ICDCI Ltd, Mr Tony Wainaina, as the new chief executive officer.
• ICDCI Plans a Share Split (19 Oct 2006)
The directors of a listed investment company have proposed a share split in January next year.
• House Team Begins Uchumi Probe (30 Jun 2006)
A parliamentary committee yesterday started investigating the Uchumi supermarkets collapse. The Finance Committee invited its first witness, former ICDC managing director Joe Munene, who gave an account of Uchumi's financial problems and the action...
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