Mortgage financier Housing Finance (HF) has reported a Sh37 million after-tax profit for the first quarter of the year, a 58 per cent drop from Sh88 million recorded in the first quarter of 2017.
The drop in January to March 2018 earnings is largely due to a Sh100 million dip in net interest income to Sh697 million as operating costs rose by 10 per cent to Sh928 million, according to HF’s financial statements released Thursday.
