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HF profit up 48pc in first quarter on increased lending

HFC managing director Sam Waweru, HF Group chairman Steve Mainda and group managing director Frank Ireri at the annual general meeting in Nairobi last Friday. PHOTO | FILE

Mortgage financier HF Group posted a 47.7 per cent jump in net profit in the first quarter ended March on the back of increased lending.

The Nairobi Securities Exchange-listed firm said its net profit in the period stood at Sh327.4 million compared to Sh221.5 million a year earlier.

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Note: The results are not exact but very close to the actual.

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