General Business Unit Sale Lifts Jubilee Holdings Profit To Sh4.5B
This strong performance is attributed to Jubilee’s diversified business and investment portfolio that cushioned it against Covid-19 pandemic effects. Profit after tax stood at Ksh4.506 billion compared to Ksh1.830 billion in 2020, while total comprehensive income after tax increased by 140% to Ksh4.241 billion from Ksh1.769 billion in 2020.
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Total income also recorded a 25.2% jump to Ksh 31.27 billion from Ksh 24.98 billion as a result of increased net earned premiums, higher investment income and fair value gains on investments