Jubilee Holdings half year earnings jumps 22pc to Sh2.5 billion

Jubilee Holdings Limited Group Chairman Zul Abdul

Photo credit: Diana Ngila| Nation Media Group

Jubilee Holdings net profit for the six months ended June has increased by 22.7 percent to Sh2.5 billion on increased income from insurance, with the insurer maintaining an interim dividend of Sh2 per share.

The rise in half year net profit from Sh2.04 billion the year before came in the period insurance service revenue —which is money from written premiums— rose 28.4 percent to Sh12.58 billion from Sh9.8 billion.

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