HF Group reports first Q1 net profit in four years

HFC Group CEO Robert Kibaara speaks at a past event. PHOTO | SALATON NJAU | NMG

HF Group has posted a net profit in the three months to March period for the first time in four years on the back of growth in operating income and low loan provisioning. 

The firm posted a net profit of Sh34.2 million in the first quarter of the year, a reversal from a Sh191.8 million net loss in the same period last year.

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