Old Mutual Holdings Plc has announced a Sh249 million net profit in the half-year period to June 2024, driven by lower finance costs and a reduced tax burden.
This is the insurer’s first half-year profit since 2022 when it made a net profit of Sh252 million, and marks a significant turnaround from a net loss of Sh348 million it reported in the six months to June 2023.
