Britam’s half year net profit profit increases slightly by 7% to Ksh. 1.4 billion

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Britam Holdings’ half year net profit for the year ended 30th June 2018 has increased slightly by 7% to stand at Ksh. 1.4 billion as compared to Ksh. 1.3 billion in 2017.

Gross premiums and fund management fees registered an 11% increase Ksh. 13.0 billion from Ksh. 11.7 billion in 2017. Total income also increased by 15% to Ksh. 16.8 billion from Shs 14.7 billion in June 2017. The company’s asset base also increased by 14% to Ksh. 112.4 billion from Ksh. 99.0 billion in December 2017.

The board of directors did not recommend an interim dividend.

Britam Holdings, previously known by as British-American Investments Company, is a financial services company that is listed on the Nairobi Securities Exchange. It offers financial products and services in insurance, asset management, property, and banking in the Kenya, Uganda, South Sudan, Rwanda, Tanzania, Malawi, and Mozambique.

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