ICEA's property fund Ilam Fahari I-Reit records Sh86m half-year profit

Property fund Ilam Fahari I-Reit (formerly Stanlib Fahari) has reported a half-year to June net profit growth of 13 percent to Sh86 million on increased rental income and reduced operating costs.

The rise, from Sh76.4 million profit posted in a similar period last year, came on the back of rental income growing by 2.4 percent to Sh174.7 million.

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