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Britam's profit surges by over Sh1b despite economic gloom

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Britam's Finance Director Charles Njuguna, group MD and CEO Tom Gitogo and Chairman Kuria Muchiru after the launch opf their financial results. [David Gichuru, Standard]

Britam Holdings' net earnings surged by a record Sh1.3 billion in the first six months of the year, bucking a trend of depressed performance by various companies amid economic uncertainty and gloom.

The financial services firm reported a 335 per cent growth in net profit for the six months to June to Sh1.64 billion from Sh377.9 million posted a year earlier.

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