Financial services group Britam Holdings' profit after tax for the first half of the year increased by 184.8 per cent attributed to good performance of the group's core business. Britam, predominantly a fund management firm, posted a net profit of Sh1.78 billion compared to the Sh624.5 million in first half 2015. Assets increased by seven per cent to Sh81.7 billion. The fundamentals of the company remain strong while the agency network and digitisation remain key pillars of growth going forward,” Britam Group managing director Benson Wairegi said. Britam has been undergoing a transformation programme to leverage on IT to grow revenues by reaching out more customers conveniently.

Source: The Star August 25, 2016 23:03 UTC