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NSE tumble eats 98pc of investment firm’s profits

PHOTO: COURTESY

CfC Stanbic Holdings’ investment arm, SBG Securities, has reported net profits of just Sh2.3 million, down from Sh132 million.

The company, which was known as CfC Stanbic Financial Services up until August 2013, saw a sharp downturn in its earnings in the first half of the year ended June 30,.

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