JUB | Jubilee Holdings FY21 Earnings Note

    Jubilee Holding’s FY’21 earnings per share (EPS) shot up 79.58% y/y to KES 89.88 from KES 50.06 recorded in FY’20. Profit after tax also grew 67.06% y/y to KES 6.83Bn, attributed to a 19.37% y/y growth in total income to KES 39.53Bn despite a 16.69% y/y growth in claims and a 2.30% y/y growth in total expenses and commissions. Investment income registered a 41.02% growth to KES. 15.93bn which we partly attribute to higher yields from fixed income (government papers), capital gains and dividends from equity instruments.

     

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    AIB-AXYS Africa Ltd is the fusion of two established companies; AIB Capital Limited and Apex Africa Capital Limited, both with over 25 years of experience in the Securities market. With the solid reputation and experience of the professional teams, we leverage talent and networks to better service businesses and investors looking to capitalize on the African growth story, and its vibrant financial sector.
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