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Sanlam posts Sh99 million after tax loss in first-half financial results

Sanlam CEO Patrick Tumbo

NAIROBI, KENYA: Local non-bank financial solutions provider Sanlam Kenya has reiterated plans to step up its innovation function to mitigate the impact of Covid-19 on its business.

In its half-year trading results released on Thursday, the Nairobi Securities Exchange (NSE) listed firm, has posted a Sh99.1 million after-tax loss down from a Sh639.6 million after-tax profit posted within the same period last year. The firm realized a Sh136 million pre-tax loss down from a Sh937 million pre-tax profit posted within the same period the previous year.

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