When Old Mutual Holdings Plc (Old Mutual Group East Africa) released its half-year 2025 results, the numbers drew attention — and not for the right reasons. Profit before tax plunged 66%, from KShs 1.1 billion in June 2024 to just KShs 380 million. Net profit was a razor-thin KShs 5 million, a 98% drop from KShs 327 million a year earlier. For investors, it was a sobering moment. After two years of steady recovery and a triumphant return to profitability in 2024, the sharp decline in early 2025 sparked concern: was the momentum fading, or was the turnaround losing steam?…
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