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SBG Securities half year net profit rises ten times to Sh27.9m
SBG Securities executive director Bethuel Karanja (left), Stanbic Bank chief executive Philip Odera (centre) and CFO Abraham Ongenge during the release of it's 2016 financials. FILE PHOTO | DIANA NGILA | NMG
SBG Securities has reported a 10-fold rise in net earnings to Sh27.9 million for the six months to June, signalling improved fortunes for stockbrokers after two years of falling profits.
The investment bank said that its earnings largely on increased commissions and a drop in operating expenses.
