Low business at Two Rivers and Longhorn Publishers saw investment firm Centum sink into a historic annual loss in the year ended March 2021. During the financial year, Longhorn Publishers had muted sales on long Covid-19 schools closure while Two Rivers Mall reported low traffic due to Covid-19 containment restrictions. Two Rivers Development Group incurred high finance costs of Sh1.8 billion associated with the development. Centum posted a Sh875 million profit from its real estate business and Sh330 million profit from its financial services business. However, it reported a loss of Sh529 million from its trading business and Sh1.9 billion loss from its Two Rivers Development.

Source: The Star July 27, 2021 13:52 UTC