Britam registers 32pc jump in half-year profit

British American Investments Company (Britam) reported a 32 per cent growth in pre-tax profit for the six months ended June 30 even as regional subsidiaries, most of which are yet to break even, showed a lacklustre performance.

The diversified financial services company which deals mostly in insurance, asset management, banking and property development business lines produced a total of Sh3 billion in profit before tax compared to Sh2.28 billion in a similar period last year.