×
App Icon
The Standard e-Paper
Fearless, Trusted News
★★★★ - on Play Store
Download App

Kenya's Britam Holdings swings to full-year loss

Kenya's Britam Holdings swung to a 1.19 billion shilling ($11.77 million) loss in 2015 from a 3.21 billion shilling pretax profit the previous year, hit by falling asset values because of a slowdown in securities markets.

The diversified financial services company, formerly British-American Investments Company (Kenya), said on Tuesday that revenue from insurance rose 40 percent to 19.6 billion shillings. lifting total revenue 38 percent to 20.32 billion shillings.

Get Full Access for Ksh299/Week.
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in