Centum Investment Company Plc announced audited consolidated earnings results for the year ended 31 March 2017. For the year, the net asset value per share was KES 67.34 as at 31 March 2017. The group's consolidated profit after tax declined by 16% on account of lower gains on disposal of investments compared to the previous period realized gains. Adjusted for the gains on disposal, the group's profit after tax increased by 66% year on year. Other key performance drivers during the year were: improved profitability in the group's portfolio companies with the beverage business recording a 37% growth in trading profit and the share of associates profits increasing by 25%. Consolidation of Longhorn Publishers Limited's financial results for the first time. Significant one-off rebranding and restructuring costs incurred by the group's banking subsidiary. Performance of the banking subsidiary was also impacted by the interest rate capping regulations and lower finance costs as a result of reduced forex losses on US dollar denominated borrowings and capitalization of interest during construction of the group's real estate projects.