Banking

Britam half year net profit down 44 percent to Sh995mn

NAIROBI, Kenya, Aug 24- Financial Group Britam Holdings posted a drop in net profit by 44 percent to Sh995 million compared to Sh1.7 billion recorded in the first six months of 2016.

Total expenses went up 24 percent to Sh13 billion compared to Sh10 billion same period last year.

Total Income went up to Sh14 billion from Sh12 billion posted in June 2016.

The group asset base hit Sh90 billion in the period under review, an 8 percent increase from Sh83.6 billion in December 2016.

The Board of Directors does not recommend the payment of interim dividend.

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