Britam profit increases to Sh1.6bn on cost-cutting

Britam Towers.  

Photo credit: File | Nation Media Group

Britam Holdings has posted a Sh1.69 billion net profit for the year ending December 2022 on reduced costs, marking a recovery from Sh72 million earned in the previous year.

The rise in net profit was despite the diversified financial services firm posting a drop in its income from Sh40.2 billion to Sh38.2 billion.

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