HF Group posts 26pc net profit increase in first half of the year

Mortgage financier HF Group posted a 26.2 per cent growth in net profit in the half year ended June on increased lending and property sales.

The Nairobi Securities Exchange-listed firm said its net profit in the period stood at Sh612.5 million compared to Sh485.1 million a year earlier.
HF did not declare an interim dividend for the period, indicating a move to conserve cash. The company paid an interim dividend Sh0.65 per share for the same period the year before.