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Kenya: Equity Group Profit After Tax Up 12pc to Sh48.8bn

Summary by allAfrica

Nairobi -- Equity Group has posted a profit after tax growth of 12 percent to Sh48.8 billion for the full year ending December 31, 2024, boosted by gains earned from regional subsidiaries as well as business diversification.

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Kenya: Equity Group Profit After Tax Up 12pc to Sh48.8bn

4 days ago·South Africa

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The Independent Uganda:

Spurred by diversification, Equity Group delivers solid 2024 financial results

From L-R: Sally Jepkorir, a Shareholder, Equity Group Chairman, Prof. Isaac Macharia, Equity Group Managing Director and CEO, Dr. James Mwangi and Daniel Kimotho, a Shareholder, during the Full Year 2024 Investor Briefing event. Equity Group reports US$468.7 million profits before tax, driven by strategic diversified growth Proposed dividend per share of UgSh120 – a payout ratio of 34.5% Earnings per share increased by 11% to UgSh348 Asset quali…

3 days ago

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Business Focus

Equity Group Reports Kshs 60.7 Billion Profits Before Tax » Business Focus

L-R: Sally Jepkorir, a Shareholder, Equity Group Chairman, Prof. Isaac Macharia, Equity Group Managing Director and CEO, Dr. James Mwangi and Daniel Kimotho, a Shareholder, during the Full Year 2024 Investor Briefing event. Equity Group Holdings Plc continues to deliver solid financial results, underpinned by the Group’s strategic focus on diversification, innovation, and regional expansion. With strong liquidity, capital buffers, and robust …

4 days ago

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Billionaires.Africa

James Mwangi leads East Africa’s largest bank to $377 million profit in 2024

Key PointsThe bank’s net profit rose 12% to Ksh48.82 billion ($377.3 million) in 2024, driven by revenue growth and disciplined cost managementSubsidiaries contributed 54% of pre-tax profit, with Equity Bank Uganda’s profit soaring 186% and Equity Bank Tanzania up 107%.Customer deposits hit Ksh1.4 trillion ($10.84 billion), while a Ksh4.25 per share dividend reflects a 34.5% payout ratio.Equity Group, East Africa’s largest financial services pro…

4 days ago

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PC Tech Magazine - Uganda Technology News, Analysis, Software and Product Reviews from Africa's Olde

Equity Group posts KSh60.7 billion PBT on diversified strategy

Equity Group Holdings Plc continues to deliver solid financial results, underpinned by the Group’s strategic focus on diversification, innovation, and regional expansion. With strong liquidity, capital buffers, and robust regional businesses, the Group is poised to maintain its leadership position in the region and continue driving sustainable growth. While releasing the full year 2024 results, Dr. James Mwangi, Equity Group Holdings Plc Managin…

4 days ago

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Equity Announces Ksh48 Billion Profit

Equity Group Holdings Plc has announced a Profit After Tax (PAT) of Ksh48.8 billion for the financial year (FY) 2024, representing a 12% growth. The Group, while releasing the full year 2024 results on Thursday, March 27, 2025, said that the growth is a reflection of the continued success of its diversified business model and prudent financial management. Equity Group’s Profit Before Tax (PBT), on the other hand, grew by 17% to Ksh60.7 billion, …

4 days ago

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