Jubilee Holdings has reported 84 per cent profit before tax in the period ended December 31, 2010.
It also announced plans to open two subsidiaries each year in its efforts to consolidate the African market.
The profits, including that of its two subsidiaries in Uganda and Tanzania, improved to Sh2.05 billion from Sh1.1 billion the previous year.
“Our improvement was driven by the region’s strong economic growth, besides the insurer’s ability to pay claims faster,” said board chairman, Nizar Juma.
via Daily Nation: – Business News |Jubilee Holdings’ pretax profit grows by an impressive 84 pc.
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