Jubilee of Kenya Has Longest Winning Streak Since May on Profit

Jubilee Holdings Ltd. (JBIC), an insurer with operations in five African nations, rose for a fourth day, the longest stretch of gains in 2 1/2 months, after first-half profit through June increased 35 percent as revenue climbed.

The insurer’s shares added 0.6 percent to 182 shillings as of 12:38 p.m. in the capital, Nairobi, the longest winning streak since May 23.

Profit before tax for the six months though June advanced to 781 million shillings ($8.47 million) from 580 million shillings a year earlier, the company said in an e-mailed statement yesterday.

To contact the reporter on this story: Eric Ombok in Nairobi at eombok@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.