Insurance company Jubilee Holdings has announced an increase in revenue and profit for the first six months of 2010.
The group’s half year gross revenue increased by Ksh 775 million to Ksh 5.7 billion, a 16% increase on last year’s. Profits rose by a whopping 69% to Ksh 580 million up from Ksh 344 million in the same period last year.
Chairman of Jubilee Holdings Nizar Juma attributed the company’s strong performance to the continued growth in all areas and the strengthening of its leadership position in the East African region.
“Jubilee had a strong first half of the year. We experienced good growth in our business through the innovative expansion of our product lines, service delivery and are continuing to focus on growth strategies across the region.
via Kenya Broadcasting Corporation:.
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