Centum of Kenya First-Half Profit Climbs on Investment Income

  • Company shifted money from equities to cash as rates rose
  • Earnings also buyed by revenue growth in banking, brewing

Centum Investment Co. shares gained the most in more than a year after first-half profit surged as the company shifted money from equities to cash to benefit from high interest rates.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.