It said its profit after tax jumped by 20 percent to Sh5.1 billion in the same period. Total costs grew 17 percent during the period as staff costs and loan loss provisions rose. Updated Tue, May 10th 2016 at 10:54 GMT +3NAIROBI, KENYA: Equity Group Holdings on Tuesday reported a 19 percent increase in pretax profit for the first quarter to Sh7.3 billion. Net loans increased by 22 percent from the same period last year to 275.0 billion shillings. Non-performing loans stood at 3.8 percent of the total, below the 8 percent recorded for the industry in March.

Source: Standard Digital May 10, 2016 02:11 UTC