It had to be announced on a Friday afternoon

Very poor. ..hata kama equities are depressed but when they will be announcing 1000% profit rise it will be like a dream

dvds?

To teach these people a lesson,ten cents should be outlawed..minimum legal tender should be 50 cents..

0.5 cents is a PPT trick coz it reflects a divided growth of 5%.

No,cic will make more than 300% profit. let's compare notes then

Clean up and transparency ongoing.
Reasons for the decline in profits have been clearly explained in the notes below the financial statements for TA fans

Technical analysis

Reasons given for the decline in profits;
--Depressed NSE prices in the NSE resulting in unrealised losses of sh.143mn
--Change in reserving methodology by IRA which increased Life Business reserves by sh.704mn
--Aggressive provisioning of debtors in General Insurance business resulting in additional ksh.326mn provisioning
--Loss of sh.297.5mn following the hyper inflation reporting in SS as a result of SSP devaluation
--Loss of ksh.89mn following uncharacteristic school fires in 2016
The above justifications are valid and I find their reporting transparent compared to the ones of Sanlam where there was cooking.

@mlennyama
I agree with you 2017 results they will report more than 300% growth
The company says it will prioritise profitable insurance business ahead of market share growth going forward.