Unaitas Sacco net profit up 66pc to Sh428 million

Unaitas Sacco has recorded a 65.5 per cent growth in profit after tax for the financial year ended December 31, 2015. The Sacco’s net profit increased from Sh258 million in December 2014 to Sh428 million in December 2015.

Unaitas Chairman Joseph Ngaai said they brushed off a tough business environment marked by high interest rates in second half of the year to post good results. Unaitas Sacco’s asset base grew by 35 percent to Sh9.3 billion from Sh6.9 billion the previous year.