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The Standard e-Paper
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The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Equity Group has reported a 20 per cent increase in net profit to Sh5.1 billion for first quarter ended March 31, 2016. This compares to Sh4.2 billion recorded in a similar quarter in 2015.
The growth was supported by a 35.6 per cent growth in loan book which pushed interest income from loans and advances to Sh11.2 billion. In the same quarter, interest income from government securities made 24.8 per cent leap to see overall interest income grow by 36 per cent to Sh12.8 billion.
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