Prime

HF Group profit drops 73pc as bad debts rise

HF Group head office on Kenyatta Avenue in Nairobi. FILE PHOTO | NMG

By  Victor Juma

Business Editor

Nation Media Group

Mortgage financier HF Group #ticker:HFCK recorded a 73 per cent net profit drop in the first quarter ended March in the wake of surging defaults.

The lender’s net earnings in the period stood at Sh88.3 million compared to Sh327.4 million in the year before.

PAYE Tax Calculator

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

Get it First!

Stay up to date on the editors' picks of the week.

Latest

  1. KenGen

    PRIME Court upholds fresh verification of KenGen equipment tender

  2. PRIME NSE investor wealth sheds Sh158bn in one week

  3. PRIME Trader loses bid to block NBK takeover of city leather firm

  4. PRIME Kimani raises Centum stake with Sh133m purchase

In the headlines

View All