Equity Group’s 9-month pre-tax profit up 11 per cent to Sh24.78 billion

By Steve UMIDHA Last updated Nov 12, 2019

Equity Group Holdings Tuesday announced its nine-month pretax profit Sh24.78 billion, 11 per cent jump helped by higher interest and non-funded income.

Chief Executive James Mwangi told an investor briefing that the net interest income rose to Sh32.29 billion from Sh29.5 billion, while non-funded income rose to Sh22.54 billion from Sh19.8 billion.

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Steven Umidha is a data and financial journalist with over 15 years of work experience in journalism and communication.

He specialises in finance and economics reporting as well as on the causes, impacts, and solutions of global warming, conservation, pollution and sustainability, often blending scientific literacy with journalist ethics, while involving policy analysis and multimedia storytelling across various platforms in highlighting issues from biodiversity loss to ecological justice.

He is the founder of Financial Fortune Media, and a Co-founder of One Planet Agency (OPA). He has previously worked with the Standard Media Group, Mediamax Networks LTD, bird story agency, Business Journal Africa, and Financial Post among other outlets.

He can be reached on: Email: info@financialfortunemedia.com
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