Cytonn delivered a return on equity of 42.7 percent with a total equity at Sh3.6 billion buoyed by the company’s diversified real estate portfolio/FILE
NAIROBI, Kenya, Aug 25 – Cytonn Investments has posted a Sh630.8 million net profit for the 2015 Financial Year driven by strong performance in the real estate investments.
The audited financial report released at Cytonn’s Annual General Meeting (AGM) on Thursday morning also indicated that the company’s total asset base had hit Sh6.5 billion.
Cytonn delivered a return on equity of 42.7 percent with a total equity at Sh3.6 billion buoyed by the company’s diversified real estate portfolio, and high yielding investment solutions, delivering robust performance built on a strong and efficient operational base.
“Our strategy to focus on the attractive alternative investment opportunities, which exist in Kenya and the region, drove our performance,’’ Cytonn’s CEO said Edwin Dande said.
He says the company will continue to focus on real estate, private equity and structured products which he says has so far delivered attractive returns to our shareholders, clients and partners.
The company’s total investment portfolio has risen to 14 developments, and Sh73billion of projects under mandate.
“With over 1,200 acres under development, combined with a strong private equity pipeline, we are confident that with our strategy of coupling supply and demand will be a catalyst for growth in the market,” Cytonn’s Chief Investment Officer Elizabeth Nkuku said during the meeting.
Cytonn Investments is an independent investment management firm, with offices primarily focused on offering investment solutions to individual high net-worth investors, global and institutional investors and Kenyans in the Diaspora interested in the high-growth East-African region.
