The Standard | by Fredrick Obura
Nairobi Securities Exchange (NSE) listed firm, Sanlam Kenya PLC has reported an after-tax loss of Sh78 million in 2020 financial results representing a decline from the prior-year after-tax profit of Sh114million.
The company saw an increase in claims and lower investment returns during the period impacting negatively on its books.
Sanlam Kenya Plc Group Chairman Dr John Simba said the effects of the Covid-19 pandemic on the local economy and foreign exchange rates adversely impacted the Group’s net assets valuation…
