Centum Real Estate Limited reported a loss of KShs 145 million for the fiscal year 2022 compared to the previous year’s profit of KShs 273.
In the FY ending 31st March 2022, the Centum real estate group posted a consolidated operating profit of KES 650 million on account of profits from the sale of residential units, the sale of bulk rights, and gains on investment properties. pic.twitter.com/Aks8CkaEkJ
— Centum Real Estate (@CentumRE) July 23, 2022
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“In the next financial year, Centum RE expects to complete construction of additional +300 homes, launch phase 2 affordable housing projects and pursue value creation through margin growth by re-imagining design, reducing construction timelines and supply chain review to source materials from COMESA region and take advantage of incentives,” said Kenneth Mbae, the Managing Director.