Britam's half-year profit leaps 31 pct
20 August 2014, 13:31
Nairobi - Kenya's British American
(Britam) achieved a 31 percent jump in pretax profit
in the six months to the end of June, the company said on
Britam runs insurance, asset management and property
development businesses, with operations in Rwanda, Uganda and
Pretax profit grew to KES 3 Billion ($34 million) as
the group's total assets swelled 28.3 percent to 55.2 billion
shillings, Britam said in a statement.
Last month, Britam raised 6 billion shillings through a bond
issue to fund expansion in Kenya and in neighbouring countries.
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