A drop in revenue from fees, commissions, and trading income and a tough operating environment in South Sudan saw Equity Group’s profits for the first three months of the year fall marginally by four percent compared to the same period last year.
The lender’s financial results released on Thursday show net earnings dropping to Sh15.4 billion from Sh16 billion, resulting in a four-percent decrease in total income to Sh48.2 billion from Sh50 billion.
