Zimbabwe: Fml Profit Up 35 Percent

Insurance giant First Mutual Holdings Limited (FMHL) recorded a 35 percent jump in profit after tax to $5 million in the five months to May 2018, compared to $3,7 million achieved in the same period last year on the back of growth in premiums.

Group chief executive officer Douglas Hoto told shareholders at the group's annual general meeting that gross premium written rose 12 percent to $70,5 million from $63 million.

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