Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Centum of Kenya Drops Most in More Than 4 Months: Nairobi Mover

Centum Investment Co., Kenya’s largest publicly traded investment group, fell the most in more than four months after saying companies that contribute 20 percent of profit lost a court case over taxes.

The stock slid for a second day, dropping 3.9 percent to 12.40 shillings by the close in Nairobi, the biggest decline since June 19. About 79 percent of the three-month daily average of shares traded.

Kenya’s High Court dismissed a case filed by four Coca-Cola bottlers in which Centum has invested, the company said Nov. 2. The units filed the case against the Kenya Revenue Authority over excise duty amounting to 5 billion Kenyan shillings ($58.5 million). The bottlers plan to appeal the ruling, Centum said.

“Investors’ confidence will be affected because they are still recovering from not receiving a profit warning before the full-year profit fell and these bottling companies account for 20 percent of their profit, which is significant,” Faith Atiti, an analyst at Nairobi-based NIC Securities Ltd., said in a phone interview today.

In June the company was fined by the East African country’s Capital Markets Authority for not issuing a warning before reporting a 48 percent drop in annual profit. Net income in the 12 months through March fell to 1.19 billion shillings, the company said June 19.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.