Friday, March 29, 2024

Cytonn posts Sh. 631 million full year net profit

Cytonn Investments has posted Sh 631million profit for the financial year ending December 2015.

The real estate company delivered a return on equity of 42 per cent with a total equity of Sh 3.6 billion. Its asset base hit Sh 6.5 billion.

According to Cytonn, this was largely fueled by the company’s diversified real estate portfolio and high yielding investment solutions, delivering robust performance built on strong and efficient operational base.

“Our strategy to focus on the attractive investment opportunities, which exists in Kenya and the region drove our performance,” said Mr Edwin Dande, Cytonn’s chief executive.

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