×
App Icon
The Standard e-Paper
Read Offline Anywhere
★★★★ - on Play Store
Download Now

Britam's profit surges by over Sh1b despite economic gloom

Vocalize Pre-Player Loader

Audio By Vocalize

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.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Enterprise
Future of art, technology and Kenya's creative economy in job creation
Business
Tala strengthens customer ID checks to protect borrowers from fraud
Business
Government opens up power sector to competition, reduces KPLC monopoly
Business
Summit billions, little relief: economist questions Africa Forward gains