Stanbic Holdings-owned investment bank SBG Securities saw its net profit for the half year to June 2024 fall by 91 percent to Sh14.7 million in the absence of the one-off advisory income booked last year from midwifing the acquisition of additional EABL shares by the brewer’s British parent Diageo.
SBG had booked a net profit of Sh153.9 million in the first half of 2023 on the back of advisory fees of Sh183.6 million, but this year that line of business has only earned Sh1.9 million.
