In its first half of 2019, Nico Holdings recorded a gross revenue of K76.5 billion on 30 June 2019 showing a 7% increase as compared to Mk 71.4 billion for the same period in the year 2018. The total profit after tax increased by 16% from Mk 6.3 billion to Mk 7.3 billion for the same period in the previous year.

On the other hand, the conglomerate’s expenses increased by 15 % to Mk 43379 to that of Mk 37706 in the prior year. General insurance registered a constant amount on the net and gross premium income as to that of 2018. However, there was a 33% decrease in profit due to high motor claim expenses.

According to the analysis report, minority shareholders have been recommended an interim dividend of (Mk0.6) per share (626 million to be paid as of the 15th of November 2019 taking into consideration the requirements for future investment.