Sanlam Kenya Posts Sh30.9 Million Half-Year Profit, Strengthens Capital Base

NAIROBI, Kenya Aug 23 - Listed non-bank financial services provider Sanlam Kenya Plc (NSE: SLAM) has reported a Sh30.9 million net profit for the Kenya breaking news | Kenya news today |..
✨ Key Highlights
Sanlam Kenya Plc reported a net profit of Sh30.9 million for the half-year ended June 2025, driven by strong insurance revenues and prudent capital management. The company significantly strengthened its capital base through a successful rights issue and reduced borrowings.
- Insurance revenues increased to Sh3.73 billion from Sh3.52 billion in the same period last year.
- Sanlam Kenya's rights issue raised share capital to Sh2.7 billion, and shareholders' funds more than doubled to Sh3.85 billion.
- Borrowings sharply reduced from Sh4.2 billion to Sh1.19 billion, improving the company’s leverage.
Continue Reading
Read the complete article from Capital Business